Mustier’s legacy poses growth conundrum

Jean Pierre Mustier UniCredit
By David Rothnie
13 Nov 2014

UniCredit’s outgoing CIB chief has delivered a more profitable, stable division for his successor. But it’s a low key handover, writes David Rothnie.

It’s hard to pin down the legacy of Jean-Pierre Mustier. When the cerebral Frenchman hands over his CIB responsibilities at UniCredit to Gianni Papa in January, he will bequeath a division that is more profitable and less dependent on investment banking than when he inherited it in March ...

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