UniCredit : appoints TJ Lim Group Deputy Chief Risk Officer

Guy Laffineur takes on role Global Head of Markets

As announced on 11 July 2016 and as part of a wider strategic overhaul, UniCredit is planning to take a more proactive approach to the management of its non-core credit portfolio in order to accelerate disposals and ensure the further strengthening of its balance sheet.

TJ Lim, who is currently UniCredit's Global Head of Markets, will take on a recently created senior role as Group Deputy Chief Risk Officer reporting directly to Massimiliano Fossati, UniCredit Group Chief Risk Officer.

TJ Lim's outstanding track record in managing risk at all levels makes him ideally suited to ensure the Group successfully meets the challenges that the European banking system is facing as well as maximising the value of the assets booked in the Group's balance sheet. He will be specifically in charge of orchestrating the management and disposals of Non-Performing Loans, Repossessed assets and any other distressed assets requiring market solutions and exit.

Additionally, TJ Lim will work with the Group CRO on the supervision of all the market, credit, liquidity and operational risk modelling across all legal entities, as well as contribute to risk strategic planning, particularly on subjects related to the Corporate & Investment Banking business.

Guy Laffineur currently Deputy Head of Markets will be appointed new Global Head of Markets. Guy's deep knowledge of the broad spectrum of Markets activities gained during the last five years in his role as Deputy, makes him the natural successor to TJ Lim to ensure continuity and to drive the evolution required by the new financial markets framework.

Milan July 14, 2016

Milan July 14, 2016

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