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Sergio P. Ermotti holds multiple leadership roles, including CEO of UBS AG and Chairman of Investindustrial Acquisition Corp. His extensive experience spans various financial institutions, including previous positions at UniCredit and Merrill Lynch, and he actively participates in numerous boards and councils, contributing to global financial discussions.
Sergio P. Ermotti serves as the CEO of UBS AG and holds various leadership roles, including Chairman of Investindustrial Acquisition Corp. and Swiss Re AG. His extensive experience includes positions at UBS Group AG, UniCredit SpA, and Merrill Lynch, among others, showcasing a robust career in the financial sector. Additionally, he is involved with several foundations and boards, emphasizing his commitment to cultural and economic initiatives.
Sergio P. Ermotti holds multiple leadership roles, including CEO of UBS AG and chairman of the Ermotti Foundation. His extensive experience spans various financial institutions, and he actively participates in numerous boards and councils, contributing to global financial and cultural initiatives.
UniCredit Spa has confirmed compliance with MREL requirements set by the Bank of Italy, with a consolidated MREL of 22.18% of Risk-Weighted Assets (RWA) and 5.98% of Leverage Ratio Exposure (LRE). The bank's MREL ratios as of December 31, 2024, stand at 32.73% of RWA and 10.33% of LRE, significantly exceeding the thresholds. Following this announcement, UniCredit shares rose by 1.7% to EUR51.74.
Andrea Sironi serves as Chairman of Assicurazioni Generali SpA since 2022 and holds multiple leadership roles, including Chairman of Euronext Growth Milan and Director positions in various organizations. His extensive experience includes past roles at Borsa Italiana SpA and London Stock Exchange Group plc, among others. Sironi is also a Professor and Vice President at the University of Bocconi, where he completed his undergraduate degree in 1989.
Italy's government plans to use special powers to impose conditions on UniCredit's $11 billion bid for Banco BPM, raising concerns of political interference. This move, aimed at supporting domestic funding, may ultimately harm Italy's economic interests and provoke tensions with Europe.
UniCredit SpA convened its board to deliberate on the implications of the Italian government's conditions regarding its takeover bid for Banco BPM SpA. The meeting focused on potential actions following Rome's invocation of Golden Power rules, which govern transactions involving strategic assets.
UniCredit SpA has postponed its decision on a €14 billion all-share takeover offer for Banco BPM due to conditions imposed by the Italian government. The decree allows UniCredit to report difficulties in implementing these conditions, which could hinder its decision-making and lead to potential fines. The bank remains committed to supporting SMEs and managing client assets responsibly while reducing its presence in Russia.
The Italian government may impose restrictions on UniCredit SpA's acquisition of Banco BPM, specifically preventing the sale of branches in Lombardy. The bid will proceed if UniCredit meets certain undisclosed conditions set by Rome.
UniCredit will initiate the tender period for its takeover bid of Banco BPM SpA on April 28, allowing shareholders until June 23 to accept the offer. The proposal includes an exchange of 0.175 newly issued shares for each share of Banco BPM, potentially forming Italy's largest bank.
UniCredit SpA
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ubs chairman expresses satisfaction with progress in leadership roles
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