UniCredit has announced the appointment of Alessandro Cummunale as its new Head of Global Family Office (GFO) within the Bank's Corporate and Investment Banking (CIB) business, effective from 1 March 2019.
With a longstanding professional track record and considerable expertise across both investment banking and wealth management, Alessandro will be integral to strengthening UniCredit's core CIB offering to ultra-high net worth (UHNW) clients in strong partnership with Group Wealth Management (GWM) across all geographies.
UniCredit's Global Family Office perimeter encompasses Italy, Germany, Austria and Luxembourg - functioning in alignment with CIB coverage, product specialists and relationship managers within GWM to provide effective and innovative solutions to meet the needs of UHNW clients who operate via a single family office or a financial holding company.
Mr. Cummunale started his career with Banco di Napoli in 1991 before moving to Deutsche Bank in London in 1996, where he held senior roles including Head of Institutional Sales for FX and Commodities for Southern Europe and Middle East, and Head of Private Institutional Clients, followed by Head of Key Client Partners (UK team) in the bank's Wealth Management division. Before joining UniCredit, he was Head of Key Client Partners for the EMEA region at Deutsche Bank Schweiz in Zurich.