UniCredit CEO's Brother Brokered Russia Sale

Riccardo Orcel, brother of UniCredit CEO Andrea Orcel, played a key role in brokering the recent sale of the Italian bank's Russian business. Previously a senior banker at the Russian state-backed VTB Group, his involvement highlights potential complexities and personal connections in significant cross-border financial transactions. This development sheds light on the intricate negotiations and relationships involved in divesting assets in the current geopolitical climate.