MILANO: UniCredit said on Tuesday it had mandated Egon Zehnder and Spencer Stuart as headhunters to support the board in identifying candidates to be included in the slate of nominees current directors will put forward to appoint their successors.

UniCredit hikes payout goal by 40pc after record profit

The current board is up for renewal next spring. In June UniCredit Chief Executive Andrea Orcel said he would be “definitely up for more,” when asked about whether he would seek a new mandate at the helm of the Italian bank.