Last month Jean Pierre Mustier, the current CEO of UniCredit, announced his decision to leave at the end of his mandate in April or as soon as a replacement is found.

"Alessandro Foti is not interested in any other role and remains fully focused on the development of the bank and its growth prospects", Fineco said in a statement it said was issued in response to press speculation on the next Unicredit CEO.

(Reporting by Gianluca Semeraro; editing by)