UniCredit SpA (UCG.MI) said Thursday it has appointed Jean-Pierre Mustier to head its investment banking business.

Mustier, who formerly ran the corporate and investment banking division of Societe Generale SA (GLE.FR), was nominated with the unanimous support of UniCredit's board, the Italian bank said in a statement.

UniCredit Chairman Dieter Rampl said the appointment completes the top-management changes at Italy's No. 2 bank by domestic assets.

Mustier replaces Sergio Ermotti, who is going to UBS AG (UBS). UniCredit, which has expanded significantly into Germany and Eastern Europe, also changed chief executives late last year, replacing Alessandro Profumo with Federico Ghizzoni.

-By Christopher Emsden, Dow Jones Newswires; +39-06-6976-6921; chris.emsden@dowjones.com
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