UniCredit's vice chairman post was previously held by the head of Aabar, Khadem Al Qubaisi, who stepped down earlier this month.
He praised the body’s staff, including its chief executive Tim May, deputy chief executive John Barrass, director of regulation Ian Cornwall and director of operations Andy Thompson for their work during his tenure.
He will also oversee the development of "essential new senior relationships" across Europe, the Middle East and Africa (EMEA), the memo said.
Scoach, a European trading platform for structured products, has made a change to its management board.
Ron Teerlink, head of Royal Bank of Scotland's business services division, has announced he will leave the lender next year
He will be working with Simon Russian, the Head of Retail Development, in strategically managing and delivering LGP's significant pipeline of retail development projects, as well as working closely with both existing and new joint venture partners.
Elaine will be based in the Aberdeen office and will report into Mark Flynn, director of Wealth and Investment Management at Barclays, Aberdeen.