Andrea Orcel

UniCredit: Commerzbank stake-build, capital-return doctrine

Andrea Orcel is an Italian investment banker who is CEO of UniCredit. He was the president of UBS Investment Bank from November 2014 to September 2018. He was poised to take on the role of Chief Executive of Banco Santander from September 2018 to January 2019; however, the job offer was withdrawn which resulted in him taking legal action against Santander. In December 2021, a judge awarded him €68m in compensation, including €10m for moral damages. Orcel started his own boutique investment bank before taking the role at UniCredit.