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Three joys for Alessandro Profumo: in Italy and abroad

The former CEO of Unicredit savors the taste of personal revenge after a year and a half in purgatory: he is running for the presidency of Monte dei Paschi, he was acquitted with Unicredit by the New York court of any responsibility in the Madoff scandal and was chosen by European Commissioner Barnier to study the reform of the EU banking system.

Time is a gentleman, Alessandro Profumo must be thinking these days. A year and a half after leaving the leadership of Unicredit stormily but with a very rich liquidation, the former CEO of Piazza Cordusio begins to savor the taste for personal revenge. These days he is in pole position in the race for the new presidency of Monte dei Paschi to replace the president of ABI Giuseppe Mussari and in relation to the vast reorganization of the Sienese bank. If the operation were to go through, it would make a grand return to the national banking system.

Secondly, the New York court rejected the application of the bankruptcy trustee of the Madoff crack, excluding any responsibility in this regard of Unicredit and its subsidiary Bank Austria from the Madoff scandal and consequently also Profumo who, at the time of the events, was the head of Unicredit.

Finally, a third joy arrived for Profumo from Europe: the commissioner for the internal market of the EU, Michael Barnier invited Profumo to be part of the group of experts who must study the reform of the European banking system by the summer.

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