Today UniCredit Group Nomination Committee has provided its positive recommendation to the UniCredit Board of Directors for the designation of Mr. Roger Yates as new Head of the Group's Asset Management activities.
Mr Yates - 52 years old, a British citizen and a graduate of Oxford University - has 28 years experience in the fund management industry as an investment professional, business manager and CEO.
After working as Chief Investment Officer at Morgan Grenfell and LGT / Invesco Global, from 1999 to 2008 he has been the CEO of Henderson Group PLC, a major UK asset management group, successfully leading a demerger operation from the Australian mother company and developing new business lines which allowed, between 2003 and 2008, to more than double Henderson's operating income.
Mr. Yates will join UniCredit in mid January 2010.
Pioneer Investments, the asset management division of the Group, plays a strategic role in UniCredit and is one of the leading international players with over Euro 170 billion of assets under management as of 30 September 2009.
Milan, 9 December 2009
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