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Federico Ghizzoni appointed Deputy Chief Executive Officer and Deputy General Manager

06.08.2010

The Board of Directors of UniCredit S.p.A. has granted to Federico Ghizzoni the title of Deputy Chief Executive Officer — Responsible for the CEE Divisionalization Program and CEE Banking Operations, appointing him also as Group’s Deputy General Manager.

Ghizzoni — 54 years – has a thirty years long career in the Group, with assignments of increasing responsibility in Italy and abroad, specifically in the United Kingdom, Singapore, Poland, Turkey and Austria, and most recently as responsible for the CEE (Central & Eastern Europe) business of the Group.

His appointment recognizes the value of the CEE franchise for the Group and the importance of the assigned organizational scope – related to the management of CEE countries and supervision of Polish activities.

Alessandro Profumo said: “Federico has strong managerial capabilities and a deep knowledge of the individual markets, thanks to his experience both in Italy and internationally. His appointment is also testimony of the strategic role played by CEE as an engine of growth for UniCredit”.

“I take this opportunity to thank all the colleagues for the continuous support and enthusiasm they prove me every day” Ghizzoni added. “From my side, I renew my commitment towards the CEE Division and all local banks located within the Region”.

With this appointment, UniCredit’s Deputy CEO team will be composed by:

  • Sergio Ermotti, CIB & PB Strategic Business Area
  • Paolo Fiorentino, GBS Strategic Business Area
  • Federico Ghizzoni, CEE Divisionalization Program & CEE Banking Operations
  • Roberto Nicastro, Families & SME Strategic Business Area

NOTE

Ukrsotsbank is one of the largest universal banks of Ukraine, operating in the local market since 1990. The bank offers full range of services to individuals and corporate clients.

The renovated Ukrsotsbank emerged on 31 October 2016 as a result of strategic deal whereby 99.9% of Ukrsotsbank shares have been transferred from UniCredit Group to ABH Holdings S.A. (АВНН) in exchange for a minority 9.9% stake in ABHH. Thus, the bank has combined 26-year-old traditions of Ukrsotsbank’s client-centric attitude, European quality of service inherent to UniCredit, as well as international banking expertise of ABHH in a number of European countries including CIS. Thanks to the successful synthesis and synergy of the two assets of ABHH in Ukraine, Ukrsotsbank and Alfa-Bank, the banking market of Ukraine will see the rise of a new stronger financial institution. This, in turn, will spur up technological advance, increase efficiency, improve quality of service for the clients, reduce cost of banking services whereas their range will inevitably expand.

The extensive retail network of Ukrsotsbank consists of 237 branches, its headcount reaching nearly 5 thousand employees.


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