Abu Dhabi's Aabar Investments, the top shareholder in Italian bank UniCredit, has lost its chief financial officer and another top executive, sources familiar with the matter said.
The move signals the state-owned firm, which recently divested its stake in German carmaker Daimler, may be
scaling back an investment spree which has seen it take stakes in high-profile global companies since its inception in 2005.
Brandt Mowry, an executive with a dual role as both chief financial officer and chief investment officer, left Aabar in October, three sources said, speaking anonymously because the matter has not been made public.
General Counsel Alex Iapichino also left the company in September, one of the sources said. Another executive from the legal department left as well, the sources said, without providing her name.
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