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UniCredit names deputy chief risk officer

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UniCredit names deputy chief risk officer

UniCredit SpAnamed TJ Lim group deputy chief risk officer.

The appointment came after UniCredit said it would take a more proactive approach toward managingits noncore credit portfolio in order to accelerate disposals and strengthen itsbalance sheet.

Lim is currently global head of markets at UniCredit. He willreport to group Chief Risk Officer Massimiliano Fossati and will be specificallyin charge of orchestrating the management and disposals of nonperforming loans,repossessed assets and any other distressed assets requiring market solutions andexit.

Guy Laffineur, currently deputy global head of markets, willsucceed Lim as global head of markets.