26 Jan 2021 For Mr. Orcel, the appointment represents a return following a very public clash with Santander and its powerful executive chairman, Ana Botin,

26. Juli 2019 Abgesagter CEO-Job Der Streit zwischen Banco Santander und Andrea Orcel gerät zur Schlammschlacht. Laut Klageschrift soll der

But a Financial News investigation has found the Spanish bank’s unprecedented decision to cut ties with CEO-in-waiting Andrea Orcel before he had even begun was the result of a stunning error of judgement from executive chair Ana Botin. In September 2018, Santander, one of Europe's biggest banks, tweeted a video of its incoming new chief executive, an Italian investment banker named Andrea Orcel. Depicting a meeting with the Orcel is suing Santander, the euro zone's second-largest bank by market value for up to 112 million euros ($126 million). The Italian, who was previously head of UBS UBSG.S Group's investment Orcel, who is set to start as CEO of UniCredit SpA, Italy’s No. 2 bank, in April, had claimed that Santander’s U-turn had upended his career. As the dispute escalated, Santander went on to accuse Ciudad Grupo Santander, edificio Arrecife, pl.

Andrea orcel santander ceo

Andrea Orcels's resignation as head of UBS ' investment bank last year was meant to beckon the crowning achievement of his career. Santander Cancels Andrea Orcel’s Appointment as CEO Over Compensation The unusual U-turn highlights the fraught issue of executive compensation in Europe The reflection of the Spanish flag hits MILAN, Jan 26 (Reuters) - UniCredit is set to name Andrea Orcel as chief executive, a person familiar with the matter said on Tuesday, putting one of Europe’s best-known dealmakers at the helm just Andrea Orcel is moving ahead with a huge lawsuit against Santander over the Spanish bank’s decision to withdraw its offer to make the former UBS banker its chief executive. Orcel has sent a claim to Santander asking that the bank either honour an initial contract to make him chief executive or pay him damages of €100m, according to a person familiar with the matter. Following a board meeting on January 15th, the Grupo Santander Board announced that Andrea Orcel’s appointment to the role of Group CEO will not proceed.The Board of Santander made the decision to appoint Andrea Orcel in September 2018.

Orcel is suing Santander for about 100 million euros ($122 million ) over its decision to withdraw the CEO job offer. The dispute centered around deferred compensation that he would lose if he took another job in the financial industry after leaving UBS.

The source who is familiar with the situation told Reuters at the end of January that Orcel was open to reaching a settlement with Santander and would be ready to cut his claim to 60 million euros. Banco Santander verzichtet überraschend darauf, Andrea Orcel als neuen CEO der spanischen Gruppe einzusetzen.

Orcel, who is set to start as CEO of UniCredit SpA, Italy’s No. 2 bank, in April, had claimed that Santander’s U-turn had upended his career. As the dispute escalated, Santander went on to accuse

The list will be presented for … the Board of Directors has decided that José Antonio Álvarez will be succeeded as CEO of the Group by Andrea Orcel, subject to regulatory approval. Mr. Orcel is currently member of UBS Group’s executive committee and brings a wealth of experience and expertise, having worked closely with Santander for almost two decades . Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO. The Spanish banking giant said that the level of compensation that was required to UniCredit board votes unanimously for Andrea Orcel as CEO Andrea Orcel will return to the centre stage of finance as chief executive of Italian lender UniCredit © Simon Dawson/Bloomberg Owen Walker Andrea Orcel may come out on top despite the CEO job at Santander slipping through his fingers – at least financially.

Today, the Board of Directors of UniCredit SpA unanimously nominated Andrea Orcel as designated Chief Executive Officer (CEO), for inclusion in the list for the renewal of the Board of Directors, to replace the outgoing CEO, Jean Pierre Mustier. The list will be presented for approval at the upcoming AGM on April 15, 2021. Orcel’s rise to become Santander’s CEO was derailed by a conflict over the issue of his deferred compensation from UBS Group AG, his former employer. The Spanish bank says Orcel wouldn’t allow that bonus payments agreed to by UBS should go toward making it cheaper to hire him. 2021-01-26 · UniCredit SpA is set to appoint Andrea Orcel as chief executive officer, choosing one of Europe’s best known bankers to replace Jean Pierre Mustier, according to people familiar with the MILAN, Jan 26 (Reuters) - UniCredit is set to name Andrea Orcel as chief executive, a person familiar with the matter said on Tuesday, putting one of Europe’s best-known dealmakers at the helm just 2019-07-26 · The bank accused Andrea Orcel of making secret recordings during the dispute. The 56-year-old Italian had been offered the top job at Santander last year and had already quit his post as head of (Bloomberg) -- UniCredit SpA is set to appoint Andrea Orcel as chief executive officer, choosing one of Europe’s best known bankers to replace Jean Pierre Mustier, according to people familiar with the discussions. The bank’s board will meet Wednesday to approve the nomination, some of the people said.
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Ana Botín Group Executive Chairman Banco Santander SA Spain. Carlos Segovia Andrea Orcel President, Investment Bank UBS Group AG Switzerland.

José Antonio Álvarez will be Santander Spain’s new Executive Chairman and the Andrea Orcel, one of Europe’s highest-profile investment bankers, found himself out of a job Tuesday, when Spain’s Banco Santander SA said it would be unacceptable to pay him the amount of money it B y Jesús Aguado MADRID, Jan 27 (Reuters) - Italian banker Andrea Orcel is open to negotiating a deal with Santander SAN.MC over the bank's withdrawal of an offer to make him CEO, including by Andrea Orcel was set to become Santander CEO. January 27 2021 Andrea Orcel is set to take over as chief executive of UniCredit in April after the Italian bank’s board voted unanimously to hire the high-profile dealmaker.
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Ciudad Grupo Santander, edificio Arrecife, pl. 2 28660 Boadilla del Monte (Madrid). Tel. +34 91 2895211 comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander. Andrea Orcel appointed . Santander Group CEO from early 2019 . José Antonio Álvarez will be Santander Spain’s new Executive Chairman and the

Orcel demanded Santander honor its offer or pay compensation but he is expected to be appointed CEO at UniCredit after mid-April so may decide to drop his claim. The source who is familiar with the situation told Reuters at the end of January that Orcel was open to reaching a settlement with Santander and would be ready to cut his claim to 60 million euros. Banco Santander verzichtet überraschend darauf, Andrea Orcel als neuen CEO der spanischen Gruppe einzusetzen.

Andrea Orcel tells Santander: make me CEO or pay €100m Save Andrea Orcel is the former head of UBS's investment bank. Lucy Burton, banking editor 3 July 2019 • 4:48pm. Follow.

By Funds Society, Madrid. Share; Andrea Orcel and Ana Botín Andrea Orcel’s eventual non-appointment as chief executive of Santander will, in time, rank high on the list of dysfunctional succession plans in an industry known for some spectacular failures. 2019-07-03 UniCredit to Pick Andrea Orcel as New CEO He remains in a legal fight with Santander over canceled job offer The selection of Andrea Orcel, seen in Davos, Switzerland in 2018, still must be Santander was not willing to compensate famed investment banker Andrea Orcel for the deferred awards that he sacrificed by leaving his previous post at UBS “The board considers that for Santander to pay this amount to facilitate the hiring of one individual, even one of the calibre and background of Orcel, would be unacceptable for a retail and commercial bank such as Santander.” Orcel’s rise to become Santander’s CEO was derailed by a conflict over the issue of his deferred compensation from UBS Group AG, his former employer. The Spanish bank says Orcel wouldn’t allow that bonus payments agreed to by UBS should go toward making it cheaper to hire him. Andrea Orcel tells Santander: make me CEO or pay €100m Save Andrea Orcel is the former head of UBS's investment bank. Lucy Burton, banking editor 3 July 2019 • 4:48pm.

2021-01-27 (Bloomberg) -- UniCredit SpA is set to appoint Andrea Orcel as chief executive officer, choosing one of Europe’s best known bankers to replace Jean Pierre Mustier, according to people familiar Santander said late on Tuesday that it will no longer be appointing UBS executive Andrea Orcel as its new CEO. The Spanish banking giant said that the level of compensation that was required to 2021-01-27 Andrea Orcel will join Santander as CEO in early 2019, as UBS names Piero Novelli and Robert Karofsky co-presidents of the investment bank. By Hayley McDowell UBS has confirmed that the president of investment banking role will be divided between two of its senior executives, following Andrea Orcel’s decision to accept the role of CEO at Santander Group. Banco Santander has said that Italian banker Andrea Orcel would not take over as chief executive after it could not meet his pay expectations, in a rare and unusual U-turn on such a high-level 2019-07-03 Orcel was offered the role of CEO at Santander in September 2018. The bank changed its mind the following January, saying it could not meet his pay demands, in a … Spain's Banco Santander has walked back on its earlier appointment of a new CEO, Andrea Orcel, reigniting a debate over executive compensation across Europe. 2019-07-04 2018-09-26 Andrea Orcel will succeed José Antonio Álvarez as the bank’s CEO at the beginning of 2019. “Andrea Orcel’s international experience and strategic expertise further strengthen our existing team, helping ensure we continue delivering on our current strategy as we have for the past four years,” stated Ana Botin, Executive Chairman of Banco Santander.