2024-10-09
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Back in the spring, my colleague Owen Walker had a morning of superlatives.
It starts by stepping into the elevator of a skyscraper in Milan.
He rides up to the top floors of Italy's tallest building.
That's where he enters the executive level of a bank called Unicredit,
which is not only Italy's second-largest bank,
it's also, at the time, Europe's best-performing bank.
And inside, he meets one of Europe's best-known bankers and dealmakers, Unicredit CEO Andrea Orcel.
Andrea Orcel is a big, imposing guy.
He's got his jacket off.
He's got his sleeves rolled up.
He's got that big bright smile,
but he's also known and described often as a kind of a chess player who's thinking three or four moves in advance.
That sort of strategic thinking propelled Unicredit's share price to more than quadruple in the last few years