UniCredit has appointed Raphael Barisaac and Emmanuel De Rességuier as global co-heads of cash management.
Barisaac and De Rességuier replace Cédric Derras, who will now head up the bank’s corporate and investment banking (CIB) for the Middle East and Africa, based in Abu Dhabi.
All three appointments are effective immediately, with Barisaac and De Rességuier reporting to Luca Corsini, head of global transaction banking, and Derras reporting to Alfredo Maria De Falco, head of CIB Italy and deputy head of CIB.
Barisaac joined UniCredit in 2015 and will maintain his current position as global co-head of trade and working capital solutions in his new role, which the bank hopes will improve interactions between the two teams. Prior to this, Barisaac worked at trade finance solutions provider Surecomp, as its global head of trade finance and supply chain finance products.
De Rességuier moves to the bank from Fennech Financial, a fintech company he founded that assists corporates and banks in digitising their finance operations. Before this, he held a variety of cash management roles at Deutsche Bank, such as global head of insurance and specialty finance, global head of working capital advisory and head of non-bank financial institutions for Europe, the Middle East and Africa (Emea).
Prior to joining UniCredit in 2015, Derras worked in several senior positions at Deutsche Bank and Société Générale, including director of working capital advisory for the Emea region and head of corporate cash management, respectively.
These appointments follow a number of changes across the board at UniCredit. The bank promoted Francesca Beomonte to the position of global head of structured trade and export finance (STEF) in August. Earlier this month, UniCredit also revealed its newly-created sustainable finance advisory team headed up by Antonio Keglevich. The new team of seven will guide clients on brown to green transition strategies whilst supporting the origination of ESG finance mandates with corporates and financials.