Finance & Capital Market

UniCredit appoints new head of CIB for MEA

UniCredit has announced the appointment of Cédric Derras, its former global head of cash management, as head of corporate invesment banking (CIB) Middle East and Africa (MEA), based in Abu Dhabi.
At the same time, UniCredit has appointed Raphael Barisaac and Emmanuel De Rességuier as hlobal co-heads of cash management.
All three appointments are effective immediately, with Derras reporting directly to Alfredo Maria De Falco, head of CIB Italy and deputy head of CIB with oversight of UniCredit’s International Network.
Barisaac and De Rességuier will report to Luca Corsini, head of global transaction banking.
Derras has developed considerable international experience through several senior roles at Société Générale, Deutsche Bank and most recently, UniCredit, which he joined in 2015 as head of cash management sales, Italy. He was promoted to global head of cash management in 2017.
The MEA region plays a key role in UniCredit’s International Network, supporting the international needs of clients based in the region’s core countries, whilst delivering the group’s unique Western, Central and Eastern European network and leading product platform to non-European multinationals and financial institutions.
In his new role, Barisaac will maintain his current position as global co-head of trade and working capital solutions, drawing upon his digital expertise to improve synergies between both teams.
De Rességuier joins UniCredit from Fennech Financial, a company he founded that assists corporates and financial institutions in digitalising their finance operations. Previously, he held a variety of senior cash management roles at Deutsche Bank, including global head of insurance and specialty finance, global head of working capital advisory, head of non-bank financial institutions in EMEA and head of GTB for France.
UniCredit Global Transaction Banking provides best-in-class global transaction services. Its proven set of core competencies in the fields of cash management and eBanking, Trade finance and transactional sales, working capital solutions and global securities services support a network of 4,000 correspondent banking relationships.
The bank was recently recognised as the ‘Best Service Provider’ in nine European countries in Euromoney’s 2019 Cash Management Survey. - TradeArabia News Service