Mustier can leave with head held high

By David Rothnie
03 Dec 2020

UniCredit chief executive Jean Pierre Mustier upset the Italian establishment but he acted in the best interests of shareholders. But if he moves on, the bank would face an uncertain fate amid a new chapter of domestic and international banking M&A, writes David Rothnie.

Mustier gave a world-weary smile. “It’s the topic du jour,” he told the Bank of America financials conference on September 24. The chief executive was responding to the claim he had softened his tough stance against pursuing bank mergers, following reports that UniCredit was considering the acquisition of eternally troubled Tuscan ...

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