2019-01-22
2019-01-15 · Banco Santander SA reversed course on installing Andrea Orcel as its next chief executive officer after a standoff over tens of millions of dollars in deferred pay. UBS Group AG held a hard line
The Grupo Santander Board today announces that Andrea Orcel’s appointment to the role of Group CEO will not proceed. José Antonio Álvarez will continue as group CEO. Rodrigo Echenique will continue as Chairman of Santander Spain until a successor is appointed. Orcel was slated to join Banco Santander as its chief executive from September 2018 to January 2019. In September 2018, Ana Botín announced that Orcel would lead Spanish commercial bank and financial services company Banco Santander as its chief executive officer (CEO), starting early 2019. Orcel formally left UBS on September 30, 2018. 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.
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How Will The Case Proceed? Proceedings at Madrid’s Court of First Instance No. 46 are expected to only last Wednesday morning. Banker Orcel's CEO court showdown with Santander pushed back to April It is still due to take place before Orcel's planned appointment as chief executive of Italy's UniCredit, expected after a shareholders' meeting in mid-April. Orcel was offered the role of CEO at Santander in September 2018.
Lyssna UPDATE 4-UniCredit set to appoint Andrea Orcel as CEO uttal Italian banker Andrea Orcel is open to negotiating a deal with Santander over the
A Madrid court declined to hear a case brought by Andrea Orcel , who ran UBS' investment bank until 2018, according to a report on Tuesday by Spanish news agency «EFE» (in Spanish) . > Santander perform U-turn on Andre Orcel CEO appointment.
David Crow in London July 15 2019 Santander offered to pay Andrea Orcel a sign-on package worth up to €52m in its aborted attempt to recruit him as chief executive, according to a formal offer
The Spanish bank says Orcel wouldn’t allow that Santander Executive Chairman Ana Botin will testify in court on Wednesday. UBS Chairman Axel Weber has been called as a witness but the bank declined to comment or say if he might be in court in Following a board meeting today, the Grupo Santander Board announces 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.
“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. 2018-09-26
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 …
Orcel, a nine-year veteran of Switzerland's largest bank, will join Santander from early 2019, Santander said in a statement. Advertisement "Delighted that Andrea Orcel is joining us as Group CEO.
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.
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y fichar por Santander implicaba que Orcel renunciaría a un bonus de más de 50 millones de euros Santander.For Orcel, who had been waiting for a chance to run a top lender for years, it marks a return to the firm he helped create more than two decades ago.
Orcel, 57, is seeking as much as 112 million euros …
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. 2019-07-26
2019-07-03
2021-03-08
2019-01-16
Mr Orcel has been given time by UniCredit in order to reach an agreement with Santander over a €112m lawsuit he brought against the Spanish lender after it withdrew its offer to hire him.
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2019-01-22
The Italian, who was previously head of UBS Group’s investment banking The Grupo Santander Board today announces that Andrea Orcel’s appointment to the role of Group CEO will not proceed José Antonio Álvarez will continue as group CEO. Rodrigo Echenique will continue as Chairman of Santander Spain until a successor is appointed. Madrid 15 January 2019 - PRESS RELEASE 2021-03-08 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 . 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 rare U-turn involving such a One year ago, Andrea Orcel was fired as the CEO of Santander before he even had a chance to take the job. finews.com on the Italian dealmaker's attempt to get the Spanish bank to make things right. Early last January, Andrea Orcel flew from London to Madrid, ostensibly to … 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.
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. In light of his seniority, along with regulatory, legal and contractual considerations, an early announcement of the appointment was necessary, subject to
Advertisement "Delighted that Andrea Orcel is joining us as Group CEO. 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. The Grupo Santander Board today announces that Andrea Orcel’s appointment to the role of Group CEO will not proceed. José Antonio Álvarez will continue as group CEO. Rodrigo Echenique will continue as Chairman of Santander Spain until a successor is appointed. Orcel was slated to join Banco Santander as its chief executive from September 2018 to January 2019. In September 2018, Ana Botín announced that Orcel would lead Spanish commercial bank and financial services company Banco Santander as its chief executive officer (CEO), starting early 2019.
(Bloomberg) — Andrea Orcel’s legal feud with Ana Botin shifts this week to a Madrid courtroom where he’ll seek redress from Banco Santander SA for withdrawing an offer to help run one of Europe’s biggest banks. Orcel, 57, is seeking as much as 112 million euros ($133.2 million) in compensation from Spain’s No. 1 lender … Orcel debilita su posición en el juicio contra Santander tras ser nombrado CEO de Unicredit. y fichar por Santander implicaba que Orcel renunciaría a un bonus de más de 50 millones de euros Santander.For Orcel, who had been waiting for a chance to run a top lender for years, it marks a return to the firm he helped create more than two decades ago.