Eight Romanians in UniCredit exported as top execs

UniCredit Tiriac Bank had sent 23 Romanian employees to work within foreign subsidiaries of the Italian group UniCredit until the end of last year. Only eight of them were, however, designated to fill management positions, whilst 15 employees in the Romanian branch got non-executive positions in other countries where the group is present. “I know for sure that mobility programmes involving employees of multinationals in the banking and pharmaceutical sectors have not been suspended this year. One of the banks we are working with prepares its promising employees for management positions in Eastern European countries. Multinationals are seeking to keep valuable people within the company, after, in the past years, they lost such people due to lack of a career path,” says Diana Rosetka, manager of the Romanian subsidiary of HR consultancy United Business Development (UBD). Over a period of less than three years (2005-2008), the number of expats in the UniCredit group as a whole rose from 150 to 400, with around 100 being women. The rise in the number of expats over the last few years comes in the wake of the merger with the HVB group in 2005, which increased the complexity of the international mobility programme.