French campaign for Unicredit: Mustier appointed CEO

Frenchman Jean Pierre Mustier, 54-year-old, is the new CEO of Unicredit; he leaves the trans Tikehau group to take the lead of the Italian bank after the release of Federico Ghizzoni. During the nominations committee, held last night, the only reservations about the banker would be raised by Francesco Gaetano Caltagirone and Corderdo Luca di Montezemolo, but this morning the board of directors of the bank voted unanimously for Mustier .

To support his nomination were in particular the banking foundations considering it – despite the lack of knowledge of Italian – the best possible candidate of the rose which also fell Italians Flavio Valeri (Deutsche Bank) and Fabrizio Viola, on which, however, was the concerns of the Bank of Italy in case he left the helm of Mps.

Mustier, although external, is familiar with the environment since it was the former Federico Ghizzoni to call him in 2011 to lead the CIB (Corporate and Investment Banking): role maintained until 2014 when he joined the International Advisory Board of the group. Ghizzoni praise expenses for the French '' Jean Pierre is the ideal choice for UniCredit through its deep industry knowledge, international experience and excellent track record, "quality that won him the role. He also has the international profile requiring shareholders. Qualities that are served at the French banker to overcome the doubts leaked by the ECB to members.

The Unicredit shareholders, however, are convinced to have found the man who could uplift the fate of the bank beginning of the year has lost more than 62% of its value reaching a market capitalization of just € 11.6 billion. After the vote of the board the title began to rise again.