News

UniCredit Group awarded "Best Sub-Custodian" in 9 CEE Countries*

Milan, July, 27th, 2009

The renowned magazine "Global Investor" has named UniCredit Group the "Best Sub-Custodian 2009" in 9 Central Eastern European Countries^*. Decisive factor in winning this award included, market share, extensive coverage, customer service, technology, execution skills and client-specific implementations.

"This award underlines our strength in custodian business which derives from our ability to combine local know-how with extensive expertise resulting in innovative solutions and products. Moreover we are able to offer these solutions locally to our clients thanks to our leading position in CEE with more than 4,000 branches in this region," says Marco Bolgiani, Head of Global Transaction Banking at UniCredit Group.

With over 80 billion EUR institutional client assets under custody in 14 markets, UniCredit Group has been the #1 securities services provider in Central and Eastern Europe in the past decade.

"UniCredit Group has been offering Custody and Securities services with a special focus on the activities of wholesale clients in Central and Eastern Europe since 1992 and has not only acquired an in-depth knowledge of these markets but also has played a leading role in creating an investor friendly environment by intensive cooperation with the local authorities in these markets" says Attila Szalay-Berzeviczy, Head of Global Securities Services at UniCredit Group.

The Global Securities Services business is a core product line of the Global Transaction Banking Unit of UniCredit Group whose strategy is to permanently strengthen and extend its services in CEE countries in addition to implementing solutions which fully meet the requirements of international clients. These improvements cover system enhancements, product development and quality standards of services.

Sergio Ermotti, Deputy CEO of UniCredit Group: "Our Group now looks forward to further strengthen the Global Securities Services business, in order to retain our leading position "

UniCredit Group's strong position in the securities services industry in the CEE region and its international reputation as the leader sub custodian in the region are a solid basis for this ongoing extension of activities across the region.

*: Austria, Croatia, Czech Rep., Hungary, Lithuania, Romania, Slovenia, Slovakia, Ukraine

About UniCredit

UniCredit is a major international financial institution with strong roots in 22 European countries as well as representative offices in 27 other markets, with over 10,200 branches, approximately 174,000 employees at 31 December 2008. In the CEE region, UniCredit operates the largest international banking network with over 4,000 branches and outlets. Global Transaction Banking of UniCredit Group ranks among top 3 players in Europe. It combines truly local expertise of more than 2,000 professionals with the experience of a sophisticated global transaction bank, offering a diverse and proven set of core competencies in the fields of Cash Management and eBanking, Trade Finance, Supply Chain Management, Structured Trade and Export Finance as well as Securities Services. The Group operates in the following countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Estonia, Germany, Hungary, Italy, Latvia, Lithuania, Kazakhstan, Kyrgyzstan, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine.

Contact:

UniCredit Media Relations
Telefon: +39 02 88 62 82 36

e-mail: mediarelations@unicreditgroup.eu