UniCredit says CEO Jean Pierre Mustier to remain with the bank

Maria Nikolova

UniCredit has responded to media speculation that Jean Pierre Mustier is a candidate for the top role at HSBC.

Recent media reports that UniCredit’s CEO Jean Pierre Mustier may be a candidate for the role of Group CEO at HSBC have prompted UniCredit to issued a brief statement. Earlier today, UniCredit noted that Mustier will stay at the bank.

UniCredit stated:

“As a principle, UniCredit normally never comments on rumours and speculations. However further to recent widespread media coverage regarding the position of UniCredit’s CEO, the Group would like to state that Jean Pierre Mustier confirms he will remain with the bank.

UniCredit would also like to remind everyone that it has just launched a new strategic plan, Team 23, and that the whole management team, including Jean Pierre Mustier, is fully focused on its successful execution”.

As FinanceFeeds reported in August 2019, HSBC announced that its Group CEO John Flint stepped down from the top role. Back then, the Board launched a process to find a successor to Mr Flint saying it would consider internal and external candidates.

Earlier in February, when HSBC posted its annual results for 2019, the bank provided an update on the Group Chief Executive process. The process for appointing a permanent Group Chief Executive is ongoing and HSBC expects to make an appointment within the 6 to 12 months initially outlined.

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