UniCredit SPA is cutting jobs in its equity brokerage - including sales and derivatives based in London and Milan - as it makes major changes to the unit as part of an investment banking review, Bloomberg News reported on Friday, citing three unnamed sources. The bank would concentrate the equity business in its four key markets Germany, Italy, Poland and Austria, and is also considering forming ventures with other companies, according to the report on Bloomberg's website. UniCredit's global head of equity derivative sales Roberto Lazzarotto is leaving the company, the report said, but he declined to comment when reached. A UniCredit spokesman also declined to comment, the report said.