MILAN: UniCredit said on Friday it would bring in-house security custody services, with an initial focus on Germany, where the move would create 140 new jobs.

The bank, which is present in Germany through Munich-based HVB and has built a stake in Commerzbank, said it would need to devote staff to manage operations that were previously outsourced.

UniCredit signs agreement for 500 new jobs, 1,000 voluntary exits

Another 60 roles will be created in Italy, it said.