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BREAKING NEWS

UniCredit confirms death of chairman

UniCredit confirms death of chairman
FILE PHOTO: Italy's Economy Minister Fabrizio Saccomanni speaks to reporters at the close of the G7 Finance Ministers and central bank governors summit at Hartwell House in Aylesbury, southern England May 11, 2013. REUTERS/Yui Mok/POOL/File Photo -
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POOL New(Reuters)
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MILAN (Reuters) – Italy’s biggest bank by assets UniCredit confirmed the sudden death of its chairman, Fabrizio Saccomanni, on Thursday.

In a statement, the bank said Deputy Chairman Cesare Bisoni would take on Saccomanni’s role pending the appointment of a new chairman.

Chief Executive Jean Pierre Mustier called the death of Saccomanni, a former economy minister and senior Bank of Italy official, a loss for the whole of Italy.

(Reporting by Silvia Aloisi)

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