$41.1 billion UniCredit has appointed Karl Guha as its new chief risk officer. In addition, Guha will become a member of UniCredit’s Group management committee.

Guha has worked for almost twenty years at ABN AMRO in various capacities in Structured Finance, Treasury, Finance, and Risk Management in North America, Europe, and Australia.

He replaces Henning Giesecke, who left the position on Dec. 31, 2008. Giesecke will continue to operate within the group as chief risk officer of the financial institution’s Germany branch.