 On 29 April 1997, the UniCredit group was formed, of which Profumo became Chief Executive Officer.In 2007, with the merger of Unicredit with Capitalia, Profumo was the head of one of the biggest banking groups in Europe.According to "Il Sole 24 Ore", in 2007 he had a profit of €9,427,000, while in 2008 he voluntarily renounced bonuses worth 5.5 million euros, gaining 3.48 million.