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During his career to date, Jean Pierre has sat on the boards of numerous financial institutions, banks,
traditional and alternative investment management companies and clearing houses. He is the outgoing
chairman of the European Banking Federation (2019-2021), and has led multiple financial sector deals, most
recently the merger of UniCredit’s asset management entity Pioneer with Amundi, and the disposals of
Fineco, UniCredit’s online bank and Yapi Kredi.
Jean Pierre became CEO of UniCredit in 2016, and carried out a total transformation of the group, delivering
a €13 billion rights issue, one of the largest in the European financial sector at the time. Under Jean Pierre’s
leadership, UniCredit met all the KPIs for the Transform 2019 plan including a €2.2 billion absolute cost
reduction, the disposal of more than €50 billion of non-performing loans and a significant increase in
underlying net income to reach more than 9% return on tangible equity, while reaching the then highest
ever CET1 ratio for the group. Jean Pierre resigned as CEO from UniCredit in 2021.
Jean Pierre’s appointment as CEO was his second term with UniCredit, having served as head of Corporate
and Investment Banking for four years (2011-2015). In this role, Jean Pierre refocused and restructured the
business on its key competitive activities, establishing an innovative equity brokerage and research
partnership with Kepler, which later became Kepler Cheuvreux, an European equity platform.
Before his appointment as CEO of UniCredit, Jean Pierre was a partner at Tikehau Capital, where he was
involved in the development of its London platform, as well as an alternative investment strategy, with a
focus on direct lending, leverage loans, CLOs and private equity investments.
Jean Pierre started his career at Société Générale, as a derivative trader, going on to build the group’s market
leading equity derivatives business. Before becoming the global head of Corporate and Investment Banking,
Jean Pierre was responsible for a variety of businesses including Global Fixed income, Global Equity, Equity
Capital Market and Derivatives, as well as Structured Finance, Leverage Finance and Corporate Finance,
where he acquired strong deal and risk expertise, overseeing hundreds of transactions. As Chairman and
CEO of SG Asset Management, Jean Pierre was responsible for Private Banking, and developed a number
of joint ventures to expand the business in Switzerland, India and China. Jean Pierre also restructured the
Asset Management side in preparation for its merger with Credit Agricole Asset Management, to create
Amundi, now Europe’s largest asset manager by assets under management.
On 12 February 2020 the public prosecution office of Civitavecchia in Italy announced that various former
board members and the auditors of Alitalia, including Jean Pierre, were under investigation for certain
alleged crimes in connection to Alitalia’s bankruptcy that allegedly took place between 2015 and 2017 while
Jean Pierre was an non-executive board member of Alitalia. On 23 November 2020, the public prosecutor
decided to dismiss the criminal charges raised against the auditors and the non-executive board members,
including Jean Pierre, and to commit to trial other board members. Alitalia filed an opposition against this
decision. After hearings took place in May and July 2021, the court decided on 27 August 2021 to uphold
the decision of the public prosecutor. This means that no further criminal investigation or criminal charges
will be possible against the non-executive board members, including Jean Pierre, unless on the basis of
other facts.
Carmen Alonso
Carmen Alonso is a non-independent Non-Executive Director of the Company. Carmen Alonso is employed
by Tikehau Investment Management, a wholly-owned subsidiary of Tikehau Capital. She has been appointed