Closer agreement, although the goal is not yet in sight,
UniCredit on the new governance group linked to the launch of
project single bank. After the stop imposed by shareholders last
board - with the subsequent referral to the Board
specially convened for next April 13 - yesterday met on
Strategic Standing Committee of UniCredit, the first of three
meetings scheduled before the Board on 13 April. The climate, according to sources
bank, it was more constructive and less conflict between
representatives of major shareholders and the CEO
Alessandro Profumo.

Also because in the meantime by us Bouquet
acceptance was already announced in before
analysts at the presentation of the ,
'introduction of the concept of a country manager for the' . O
more properly, a "country chairman", as is already
expected - in the divisional model that is accepted by
all - in Germany and Poland, to say two of the countries where
UniCredit is one of market leaders like . If for
's were to be adopted the same organizational scheme, the
"Country chairman" would be a fitting figure of Italian activities
- In addition to being probably the referent of the Bank Supervision
's - and would respond directly to Profumo. Though
functionally, the three division leaders, (Piccini for retail,
Prunotto for private Peluso for corporate) will respond to three
Deputy CEO, that at present are: Sergio Ermotti (corporate and
investment banking), Roberto Nicastro (retail), Paul Fiorentino (global
banking). If indeed the figure of the country chairman should take off,
Who will cover it? Excluding an outsider arrives, the application
more likely - but here you enter the rumors that leaked from
some shareholders - could be to Florence, in addition to
have already led the Bank of Rome during the transition into UniCredit
and piloted the truce to the Bank of Sicily, has already gained wide
experiences in the various processes of aggregation of various banks
acquired. And the launch of the project requires large single bank
capacity "federal" in dialogue with various local
stakeholders in the area.
The figure of the country seems to chairman
particularly welcome to the foundations and other large private shareholders
Italians, eager to have a direct contact for questions
households within a group, because the size
internationally, sometimes seems to have lost focus on
territorial problems. Subject on which the foundations have often shown
to have convergence of views with Minister 'Julius Economy
.
After the first day of meetings,
Therefore, a hypothesis of agreement seems to emerge.
Although, I must say, the
climate of confrontation remains. And do not exclude possible new tensions. A
throw water on the fire, after a lot of fuel in the turbulent days
Recently, it was yesterday, the chairman Dieter Rampl: "It was a meeting
very constructive "in which" there was an opportunity to discuss all
organizational options. I am sure - added Rampl, which is
moving trying to patch up relations between members and management - that
will use the next few days to finalize a proposal for
counsel. "
A cautious optimism that, after the days of the tear
between members and Profumo, open to the idea of a rapid consolidation.
Probably facilitated by the calmer atmosphere after the agreement made on
appointments and Generali, where UniCredit has played a significant role
neutral, and after the campaign for elections
Regional.
"Scent has never been questioned," said
with a counselor to news agencies that participated UniCredit
meetings yesterday. To agitate the minds of shareholders, however, is not
Scent so as to identify a number two fragrance that
perspective, to take over the reins of the group. The choice
a country manager for the ' is probably a step that calms
concerns of members. But how many proxies can have this new
managerial figure, difficult to regard it as a real deputy to Perfume
group level.

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