Business expansion
Location of affected unit(s)
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64.99 - Other financial service activities, except insurance and pension funding n.e.c.

200 jobs
Number of planned job creations
Job creation
Announcement Date
2 July 2015
Employment effect (start)
3 July 2015
Foreseen end date
31 August 2015


Italian banking group Unicredit has announced the hiring of 200 senior bankers.

The group intends to strengthen its private banking operations with the goal of exceeding 100 EUR billion of assets under management by 2018 from the current 90 EUR billion, thus consolidating its position in the domestic market. The strategy also entails the creation of a new subsidiary company in charge of managing  operations of customers with financial assets valuable more than 5 EUR million. The new company, Cordusio, is expected to appoint further 100 senior bankers through internal relocation and new hirings.

The new employees will be initially enrolled on fixed-term contracts, to be possibly switched to open-ended ones.

Unicredit is currently implementing a large-scale restructuring plan at its Italian facilities (for more details, see UnicreditIT-2014).


  • 2 July 2015: La Stampa
  • 3 July 2015: Advisor online
  • 3 July 2015: Azienda Banca


Eurofound (2015), Unicredit, Business expansion in Italy, factsheet number 84045, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/84045.