Letizia Moratti, former Minister of Education and mayor of Milan, is the new president of the management board of Ubi, one of the leading Italian banks with strong roots in Lombardy and close to new alliances and mergers.
Moratti was appointed by the bank's Supervisory Board, chaired by entrepreneur Andrea Moltrasio, who also confirmed Victor Massiah as the bank's chief executive officer and renewed the board.
After the reform of the Popolari and the transformation into a joint stock company, Ubi is indicated by the market as the protagonist of a new round of mergers and banking combinations which will certainly see it active in several directions in the coming months.
