(ANSA) - Milan, July 26 - Italian bank Unicredit said on
Tuesday it was overhauling its management structure to boost
efficiency and control of costs.
Unicredit Chief Executive Jean Pierre Mustier said the
changes planned "represent the first step in the reorganisation
of the bank," adding that the aims were to make the group more
streamlined, simple and efficient.
He said that a lighter structure, shorter reporting lines
and clearer responsibilities would help develop a culture of
rigorous cost discipline, focused on effective operations.
New appointments on Tuesday include Gianni Franco Papa as
general manager, Unicredit said in a statement.
Unicredit unveils management overhaul
Lender aims for efficiency, cost control