- All business banking brought together under centralised management, ensuring greater customer focus
- Specialist professional coverage for each class of business size
- Corporate Solutions, the group's product factory, will provide value-added products and services to meet the needs of all businesses
UniCredit is making its support for Italy's real economy even more effective by consolidating its corporate function, which now covers all businesses from €1 million in turnover up to large multinationals.
The bank will achieve this by further simplifying and enhancing its service model, bringing all its business banking under centralised management, strengthening its geographical coverage with professionals specialised in every size class, and making value-added products and services developed by the Corporate Solutions division available to all business customers.
UniCredit's new business team is headed by Massimiliano Mastalia, Head of Corporate Italy. Reporting into him are Francesco Iannella, Head of the Small Business channel, for companies with a turnover of €1 million to €50 million, and Lucio Izzi, Head of the Corporate channel, for companies with a turnover of up to €1 billion. Also reporting to Mastalia is the network devoted to major Italian multinational groups - formerly Investment Banking and now known as Large Corporate Italy Network - headed by Marica Campilongo.
The segment managers are flanked by the heads of CRM, Corporate Lending for structured finance, and the Foreign Trade Centres for international business.
The bank's local presence has also been reinforced, maintaining customer proximity. Coverage for small business is assured through 60 small business areas operating across Italy, while Corporate companies are managed via 41 corporate areas, 5 key client areas, 7 real estate areas, 7 special portfolio areas and 7 public sector areas. Nothing is changing for the largest customers, which are managed by the specialised branches of the Large Corporate Italy Network, and by the tried and tested team of Senior Bankers and Global Account Managers.
The aim of the new organisation is to give small and medium-sized enterprises access to value-added products and services developed globally by UniCredit's product factories (Corporate Solutions), tailored to the needs of each specific segment.
The Corporate Solutions Italy unit, headed by Alfredo De Falco, provides strategic advisory services, structured finance solutions, access to public and private capital markets, risk hedging, cash and payment management, trade finance and support on cross-border transactions.
The result is a bank with renewed commitment to supporting economic growth, with a particular focus on financing companies looking to seize the opportunities arising from the National Recovery and Resilience Plan (NRRP), which is expected to see a significant growth in approved projects in 2022.
One of the priorities of the new corporate function led by Massimiliano Mastalia is to support innovation and the sustainable transformation of companies' business models, through two dedicated structures of excellence.
The Start Lab and Development Programs team, led by Francesca Perrone, continue to assist with the creation and growth of cutting-edge business initiatives, including through equity investments made either directly or through venture capitalists.
The ESG Italy unit, coordinated by Daniele Cesaro, is working to expand the range of services related to energy transition and economic activities that have a positive social impact.
Niccolò Ubertalli, Head of UniCredit Italy, said: "With the country engaged in the post-pandemic recovery, we want to make a major contribution to improving the competitiveness of our economy. We will achieve this by providing even more effective support to businesses through a service model that is completely focused on their needs, a team of first-class professionals, outstanding product quality, the most advanced digital solutions, and a task force dedicated to the NRPP."
Massimiliano Mastalia added: "Our UniCredit Unlocked plan calls for an increase in lending support, particularly for small and medium enterprises, which we want to help with the energy and digital transition. And that is all in keeping with our ambition to provide the communities in which we operate with the levers to progress."
Milan, 21 February 2022
Contacts:
email: MediaRelations@unicredit.eu