UniCredit hires Orcel: is Italian consolidation on the cards?

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By David Rothnie
28 Jan 2021

FIG rainmaker Andrea Orcel is stepping back into the limelight as UniCredit chief executive, just as momentum is building for large-scale banking consolidation. He has an array of M&A options, but will he be shy in pulling the trigger? David Rothnie reports.

The contrast could not be greater. In the firmest possible riposte to outgoing chief executive Jean Pierre Mustier’s aversion to making mergers and acquisitions, UniCredit is set to appoint Orcel, a veritable M&A machine, as his successor.

The hire could slake Italy’s thirst for it to play ...

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