UniCredit appoints Lubomir Mitov as Chief Economist for Central and Eastern Europe

  • Russia, Ukraine and Central & Eastern Europe expert to join Bank's economics team

UniCredit (UniCredit Bank AG) has appointed Lubomir Mitov as Chief Economist for Central and Eastern Europe (CEE), effective 2 March, 2015. Mr. Mitov will be responsible for macro-economic research for Central and Eastern Europe, taking over the leadership of UniCredit's highly rated research team for the region. He joins the Bank from the Institute of International Finance (IIF) in Washington D.C. where he was most recently Chief Economist for Emerging Europe.

The appointment supports UniCredit's regional footprint and leadership in CEE where the Group has a direct presence in 14 countries through a network of approximately 3,400 branches and where it serves 23,000 international corporate clients.

Erik F. Nielsen, Global Chief Economist, UniCredit, said: "We are delighted Lubomir Mitov has decided to join UniCredit as Chief Economist for Central and Eastern Europe. Lubomir is a highly respected economist for the CEE region with a long and distinguished track-record. He is well known to CEE focused investors around the world for his experience, network and insights. In his new role he'll help us further expand our research capabilities across the CEE region, thereby continuing to meet our clients' increasing needs."Lubomir Mitov, incoming Chief Economist for Central and Eastern Europe, UniCredit, said: "UniCredit has a leading position in economic research for CEE and the rest of Europe, and I look forward to joining the team in a leadership role, especially at a time when understanding these regions is crucial to many of our clients' risk management and investment strategies."

Prior to his role at the Institute of International Finance (IIF), where he served for 18 years, Mr. Mitov served as senior economist at the World Bank’s Resident Mission in Sofia, Bulgaria, and at the Ministry of Foreign Economic Relations of Bulgaria.
Mr. Mitov holds a PhD from Moscow State Institute of International Relations, and is fluent in English, Russian, German and Bulgarian. He has authored numerous studies and papers on economic issues in countries in transition.

Mr. Mitov will report to Erik F. Nielsen, Global Chief Economist, UniCredit, and will be based in London.

Enquiries: International Media Relations
Tiemon Kiesenhofer, telephone: +43 (0) 50505 - 56036
e-mail: tiemon.kiesenhofer@unicreditgroup.at

UniCredit is a leading European commercial bank with strong roots in 17 countries.
Our overall global network embraces approximately 50 markets with around 8,600 branches and more than 148,000 employees (as of 30th September 2014).
In the CEE Region, UniCredit runs the largest and most diversified international banking network in 14 countries, with more than 3,420* branches and over 68,000* employees.
The Group operates in Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine (as of 30th September 2014).