Milan, Nov. 13, 2017 -- UniCredit has appointed Dan Bucsa to take over the leadership of its Central and Eastern Europe (CEE) research team as its new Chief CEE Economist, effective November 17.

He will replace Lubomir Mitov, who has resigned from the position to relocate to Washington, DC. Mr. Mitov will continue in a consultative role with UniCredit so that our clients will continue to benefit from his insight and experience.

As UniCredit’s Chief CEE Economist, Mr. Bucsa, who will be based in London, will be responsible for the Group's macroeconomic research on the CEE region. He will report to Erik F. Nielsen, Group Chief Economist.

Commenting on the appointment, Mr. Nielsen said: “We are delighted that Dan Bucsa has taken up the role of chief economist for Central and Eastern Europe. He has a uniquely strong background in the region and is well known to CEE-focused clients around the world. We are confident that, with Dan's promotion, we will continue to have the best-in-class research coverage for the CEE region.”

For the past five years, Mr. Bucsa has worked as UniCredit’s Lead CEE Economist in London, having transferred from UniCredit Bank Romania. Before moving to the private sector, he taught at the Bucharest University of Economic Studies and worked in the macroeconomic modeling and forecasting department of the National Bank of Romania, where he was involved in developing its forecasting framework for inflation targeting. He holds a Ph.D. in macroeconomics and an M.Sc. in finance from the Bucharest University of Economic Studies.

---

Additional media information:

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch

Ekaterina Ancheva, tel +359 894 518 193 , flbufsjob/bodifwbAvojdsfejuhspvq/ch