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UniCredit’s CIB Head Mustier Steps Down to Pursue Outside Role

Aug. 5 (Bloomberg) -- UniCredit SpA’s Jean Pierre Mustier, a 26-year veteran of the European securities industry, is stepping down as head of the bank’s corporate and investment bank on Jan. 1 to pursue a role outside the company.

UniCredit’s Gianni Franco Papa will succeed Mustier, who is also deputy general manager of the firm, UniCredit said in a stock-exchange statement today. Mustier will join the bank’s international advisory board in a non-executive role.

Mustier joined Milan-based UniCredit in 2011 after working at Societe Generale SA, where he ran the first equity derivatives trading business after he joined in 1987.

To contact the reporter on this story: Elisa Martinuzzi in Milan at

To contact the editors responsible for this story: Edward Evans at Mark Bentley, Frank Connelly

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