Ex-UniCredit CEO Jean Pierre Mustier Said to Plan SPAC
- Mustier working with ex-Bank of America executive De Giorgi
- JPMorgan is said to be advising on the blank check company
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Ex-UniCredit SpA Chief Executive Officer Jean Pierre Mustier plans to raise funds for a special purpose acquisition company, the latest former top banker to take advantage of the trend for blank check vehicles.
Mustier, who left UniCredit last week after a boardroom power struggle, plans to work on the SPAC with former Bank of America Corp. executive Diego de Giorgi, according to people with knowledge of the matter. The company will invest in financial services, including wealth management and fintechs, the people said, asking not to be identified as the matter is private.