UniCredit's Bank Austria gets new chairman, CFO

VIENNA, Jan 22 (Reuters) - UniCredit's emerging Europe arm Bank Austria said on Friday it had elected a new chairman and chief financial officer from within the group as part of a broad reshuffle in its executive management. Paolo Fiorentino, UniCredit's Chief Operating Officer will become Bank Austria's new supervisory board chairman while Francesco Giordano is to be its new CFO, moving from the parent company's investment banking division. Fiorentino replaced Alessandro Profumo as chairman. Profumo had taken up the position just four months ago after quitting as UniCredit CEO. Bank Austria's statement did not make clear whether Profumo had left the group. It said outgoing CFO Carlo Vivaldi would take on a new role in the UniCredit group which would be announced soon. Analysts have said the recent management changes at the group could lead to changes in the bank's focus with it dropping non-strategic assets in emerging Europe. But UniCredit's new head of central and eastern Europe said on Wednesday it had no plans to exit any emerging European markets and is not considering the sale of its operations in Kazakhstan. (Reporting by Sylvia Westall; Editing by Toby Chopra) Keywords: BANKAUSTRIA/ (sylvia.westall@reuters.com; Vienna Newsroom: +43 153 112 256; Reuters Messaging: sylvia.westall.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2011. All rights reserved.

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