With Markets & Investment Banking into the top league of European investment banks

One of the core elements of UniCredit Group’s business model is to place areas of the banking business which are truly international in a strong cross-regional network. This is obvious in the case of trading in international financial markets and in investment banking.

As part of the implementation of the uniform Group-wide divisional structure, UniCredit’s Markets & Investment Banking Division (MIB) was created in the middle of 2006. MIB is a centre of competence of UniCredit Group bundling all related activities – with a virtual management structure, global product lines and a network of offices. UniCredit’s MIB Division operates on the basis of global product responsibilities, focusing on the markets of Germany, Austria, Italy and CEE (including the Polish market); Turkey, Russia and Poland are those countries where the strongest growth is to be achieved in the future. MIB maintains trading units in the world’s major financial centres, including London, New York, Tokyo, Hong Kong and Singapore.

With this new structure UniCredit Group with the local units joins the top league of investment banks in continental Europe. Local customer business will also benefit from this standing, the sharing of know-how, placement power and the underlying customer base. Similar to developments in other divisions, 2007 will see the integration of partly complementary MIB trading and investment banking units to form an effective structure with clear governance.