Finance & economics | Buttonwood

Can Andrea Orcel, Europe’s star banker, create a super-bank?

An interview with the boss of UniCredit

An illustration of a classical-style building with a pediment held up only by one large central column. It has a Euro on the front and is flying a European flag. On either side is a smaller column with a flag on top.
Illustration: Satoshi Kambayashi

The career of Andrea Orcel vividly encapsulates the recent history of European banking. At Merrill Lynch, now part of Bank of America, Mr Orcel advised on deals that formed part of the wave of mergers that crested in 2007, when a pan-European troika bought ABN AMRO, a Dutch lender. After the financial crisis of 2007-09, grand cross-border ambitions were ditched. Mr Orcel’s next job was to run the investment-banking arm of UBS, a Swiss champion.

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This article appeared in the Finance & economics section of the print edition under the headline “Orcel’s horizon”

From the October 5th 2024 edition

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