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11.10.2011

UniCredit Bank Austria optimising its activities in Russia

  • Corporate and Investment Banking to cooperate more closely in the interests of their Russian corporate customers
  • Sergey Sidorov to remain CEO until year end and to support the organizational and strategic changes
  • Alexander Cheporov to become Head of Equity Brokerage Operations

UniCredit is optimising its brokerage activities in Russia with a view to getting closer to its customers and to servicing local companies more effectively. With this objective in mind, it is planned to refine equity brokerage operations and enhance the collaboration among Corporate Network, Capital Markets and Advisory. Sergey Sidorov, currently CEO of UCSR, will remain in his position until year end and support the necessary organizational and strategic changes. Alexander Cheporov will assume, with immediate effect, responsibility as Head of Equity Brokerage Operations in UCSR.

Gianni Franco Papa, Head of CEE Division at UniCredit Bank Austria, and Olivier Khayat, Deputy Head of Corporate and Investment Banking Division at UniCredit Group: "With growth rates of about 4 percent this year and in 2012, Russia is a market of strategic importance for us. By the intensified cooperation of the customer service units of Origination and Advisory, we are significantly expanding our advisory competence."

Dieter Hengl, Head of Corporate and Investment Banking Division at UniCredit Bank Austria: "The need-based reconcilement of customer services on the one hand, and product development and product management on the other, stood the test a numerous times in business with corporates. This ensures that real added value is generated for our corporate clients."

TJ Lim, Global Head of Markets at UniCredit Group: "UCSR will now focus on the equity businesses (cash equity including research, direct market access and equity derivatives) in accordance with the Group´s equity strategy."

UniCredit Bank Russia has been operating in Russia as a universal bank since 1989. At mid-year 2011 it was the eighth-largest bank in Russia, measured by total assets, and the leading private bank in the country. UniCredit Bank Russia is a member of UniCredit, a leading European banking group, and is wholly owned by UniCredit Bank Austria. It has traditionally held a strong market position in Russian corporate banking and has a strong private customer base. UniCredit Bank Russia holds the first general banking licence issued by the central bank of the Russian Federation.

UniCredit Securities Russia is specialized in offering financial products and advisory services to institutional investors and large corporations. The company provides access to international and Russian stock exchanges. UniCredit Securities' award-winning research team covers the local stock market in detail. It is acting as a global co-ordinator and advisor in equity as well as debt capital market transactions. Corporate clients can rely on UniCredit Securities' corporate finance and M&A advisory services.

UniCredit
UniCredit is a leading European bank with strong roots in 22 countries. Our overall global network embraces approximately 50 markets, with over 9,500 branches and more than 160.00 employees (as of 30 June 2011).
In the CEE region, UniCredit runs the largest international banking network with more than 3,900 branches. The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

Enquiries: Bank Austria Press Office CEE
 Tiemon Kiesenhofer, Tel. +43 (0) 50505 - 56036
  E-Mail: tiemon.kiesenhofer@unicreditgroup.at

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