UniCredit was transformed under his watch with the acquisition of HVB, a German firm, in 2005.

联合信贷于2005年收购德国的联合抵押银行，在他的监督下实现转型。

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Two years ago Mr Profumo made his biggest strike when UniCredit acquired Germany's HVB, placing it firmly in Europe's front rank.

两年前，普罗富莫先生收购德国裕宝银行是他最大的手笔，这使得联合信贷稳稳站在了欧洲银行的前列。

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HVB, though, Deutsche would have to forget its declared aim of a 25% return on equity.

ECONOMIST: A large Bavarian bank prepares itself for marriage

HVB, like many German private banks, had neglected retail banking, where returns have long been thin.

ECONOMIST: A large Bavarian bank prepares itself for marriage

HVB's bad-loan provisions this year, some think, will be even more than the euro2.5 billion forecast by the bank.

ECONOMIST: German banks