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Andrea Orcel emerges as front-runner for UniCredit top job

The Italian banker has kept a relatively low profile since a remarkable U-turn by Santander in January 2019 when it withdrew its offer for the CEO job over pay concerns

By

Paul Clarke

Andrea Orcel is one of UniCredit's favoured candidates for the CEO role. The bank has also held talks with other prominent banking leaders currently on the market including former Credit Suisse boss Tidjane Thiam, who left the bank in February last year
Andrea Orcel is one of UniCredit's favoured candidates for the CEO role. The bank has also held talks with other prominent banking leaders currently on the market including former Credit Suisse boss Tidjane Thiam, who left the bank in February last year Photo: Getty Images

Andrea Orcel, one of the City's most high-profile dealmakers, has emerged as a front-runner as the new chief executive of UniCredit, despite still being embroiled in a lawsuit with Santander after it withdrew its offer to the Italian banker for its top job.

Orcel is reportedly in talks with the Italian bank as it looks for a successor to Jean Pierre Mustier as CEO after he unexpectedly stepped down in November over strategic differences with Unicredit's board.

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