In his new role, Nielsen will be responsible for forming and communicating the overall macroeconomic and policy views of UniCredit in the marketplace.

Nielsen, who will be based in London, will also be deputy head of UniCredit Research and report to Thorsten Weinelt, global head of UniCredit Research and chief investment strategist.

UniCredit Research is part of the Corporate & Investment Banking division and comprises Economics & FI/FX Research, Equity Research, Credit Research, Commodity Research as well as all Cross Asset Research activities for the Group.

Weinelt said with Erik Nielsen they add an outstanding economist to their research team. He brings unique value to their franchise with his experience and broad network and contacts to policymakers, central bankers, international organizations as well as global institutional clients.

Prior to joining UniCredit, Nielsen worked for more than 15 years as an economist at Goldman Sachs in New York as well as in London, where his last role was chief European economist overseeing the European and EEMEA economics team.

He started his career as an economist at the Danish Central Bank in Copenhagen, before joining the International Monetary Fund and later the World Bank.