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Management simplified as former DCM banker joins as co-CEO
Karim Malek from Kepler joins as an executive director
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A slow destruction of misallocated investment is more likely than a sudden stop -
Investors confident software fears are overblown
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The launch of a €35bn exchange offer for Germany’s Commerzbank marks a decisive attempt to break a stalemate that has frustrated Andrea Orcel in his quest to turn UniCredit into a pan-European banking champion
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Paul Gibbs among those departing the firm after long service
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