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Andrea Orcel, CEO of UniCredit, is making strategic moves to enhance the bank's profitability. UniCredit is bringing the Italian life insurance businesses it operated with CNP and Allianz back in-house, aiming for higher fees and profitability. Despite his aggressive strategies, Orcel has stated that he will not seek a board seat for UniCredit at Commerzbank. There is also speculation on whether Orcel can be stopped from acquiring Commerzbank, and if he will soften his Commerz raid.
#UniCredit is bringing the Italian life insurance businesses it operated with CNP and Allianz back in-house, as CEO Andrea Orcel eyes higher fees and profitability
UniCredit is bringing the Italian life insurance businesses it operated with CNP and Allianz back in-house, as CEO Andrea Orcel eyes higher fees and profitability https://t.co/nIqk0xgzDg
UniCredit CEO Andrea Orcel says he won’t seek a board seat for his lender at Commerzbank https://t.co/oAgX1MqsGc
