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UniCredit Nominates Three Top Managers, Il Messaggero Says

UniCredit SpA has identified three executives to take over top management positions left vacant in a reshuffle after the resignation of Chief Executive Officer Alessandro Profumo in September, Il Messaggero reported without saying where it got the information.

Frederik Geertman, currently the head of marketing for retail banking, will lead the lender’s family and small business unit, replacing Roberto Nicastro, who was named general manager under new CEO Federico Ghizzoni, the newspaper said. Alessandro Decio, head of the bank’s Turkish business, will take over UniCredit’s interests in central and eastern Europe, and Paolo Cornetta will lead human resources, Messaggero said.

UniCredit officials have not yet agreed who will run the corporate and investment banking businesses, the last of the top posts still vacant, the newspaper said.

All the nominations will be made public when the bank announces its five-year business plan on Dec. 14, the newspaper said.

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