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UniCredit with new group-wide Real Estate Organisation



Group-wide coordination of all real estate activites
Christian Kühni takes on post as Head of the new unit on August 2008

UniCredit-Group (UCG) is pooling its real estate activities in a central unit which will be re-sponsible for the group-wide real estate strategy. This new organisation will coordinate the management of more than 10,000 UCG buildings in 23 countries.

The new organisation will coordinate and monitor all real estate activities and will therefore be organised in four units: Group Portfolio & Asset Management, Group Project Manage-ment, Group Operating Activities Management and Group Transaction Management. Major tasks include: to actively manage UCG's owned and rented property portfolio, to monitor global workplace and space standards, to supervise space reduction programs and occu-pancy cost saving initiatives, to manage cross-country projects, to propose group guidelines and processes and to coordinate large real estate disposal and acquisition transactions.

Christian Kühni (53) will take charge of the new UCG unit on 1 August 2008. Kühni joined HypoVereinsbank two years ago and since then has been Head of the German Corporate Logistic & Facility Management activities. Christian Kühni, a dual Swiss/Canadian citizen who holds a Swiss Federal Bankers diploma, joined UniCredit Group from sanofi-aventis. Previ-ously he worked for ABB, Royal Trust of Canada, BP, UBS and Credit Suisse in various real estate and finance positions in several countries in Europe and North America. Christian Kühni will directly report to Matthias Sohler, Deputy COO of UCG and, in this phase, will con-tinue in his function as CEO of HVB Immobilien AG.

   Milan, 30 June 2008

UniCredit Media Relations
Telephone: +39 02 88 62 82 36