• <a fr-original-style="" href="https://www.bloomberg.com/news/articles/2023-02-27/unicredit-set-to-boost-bonus-pool-by-up-to-20-after-strong-year" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">UniCredit</a> is set to increase its overall bonus pool for 2022 by about 20%, reported Bloomberg, after a year in which the Italian lender beat profit expectations and increased shareholder returns. The Milan-based lender could also raise CEO Andrea Orcel’s total pay by 20-40%, the sources told Bloomberg, confirming a report from Il Sole 24 Ore on Saturday. UniCredit shares rose as much as 5% on Monday, ahead of the Stoxx Europe 600 banks index.<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">Meanwhile: The head of UniCredit’s remuneration committee resigned following unsubstantiated allegations of leaking from the board, just weeks ahead of the proposal of a new pay package for chief executive Andrea Orcel. Dame Jayne-Anne Gadhia —the former chief of UK lender Virgin Money who joined the board in 202 — chose to step down as a non-executive director following the investigation, <a fr-original-style="" href="https://www.ft.com/content/2d0f7078-221b-48a5-a739-ec82658137ed" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">reported the Financial Times</a>.</li></ul>

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