FIG bankers braced for wild ride as Orcel lands

Alamy Andrea Orcel April 2021 575x375
By David Rothnie
22 Apr 2021

The new boss of UniCredit is widely expected to use his deal-making skills to transform the Italian lender, but will he look to revitalise its corporate and investment bank, asks David Rothnie.

Italy’s mergers and acquisitions bankers are rubbing their hands at the prospect of bulging pipelines and big fees following the arrival of arch-dealmaker Andrea Orcel as CEO of UniCredit, the country’s biggest lender.

But the mood within UniCredit’s own corporate and investment bank is more uncertain than triumphant. ...

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