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UniCredit Private Banking Names CEO

Italy's UniCredit Private Banking, controlled by Italian banking group UniCredit, has named Dario Prunottoas chief executive. UniCredit Private Banking also named Dario Frigerio vice president and accepted the resignation of Paolo Fiorentino from the board of directors. The vice president of the company, Giuseppe De Sisto, was appointed co-director general. The board of directors also approved the balance sheet for the first nine months of 2007 which showed a net profit of €79 million ($115.51 million), up by 10.9 per cent year-on-year. Assets under management reached €66.1 billion at the end of June. Including all the firm's subsidiaries, AuMs rose 3.3 per cent to €92.2 billion. Unicredit Private Banking has operations in Switzerland, Luxembourg, the UK and San Marino, as well as Unicredit Xelion Banca in Italy.