March 23, 2018 / 2:58 PM / 8 months ago

MOVES-Cerberus hires former UniCredit executive as senior adviser

March 23 (Reuters) - Investment firm Cerberus Capital Management has hired veteran Italian banker Roberto Nicastro as senior adviser as it continues to target opportunities in the European banking sector, the company said on Friday.

Nicastro was group general manager at Italy's UniCredit from 2010 to 2015, after which the Bank of Italy appointed him as chairman of four small banks rescued from bankruptcy and put up for sale. (Reporting by Valentina Za Editing by David Goodman)

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