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As Padoan would surely acknowledge, the ideal candidate does not exist. That is why he seems ready to overlook the complication of Orcel’s pay dispute with Banco Santander, which rowed back on naming him its CEO in 2018, and that he will presumably also come at a much higher price than Mustier. 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.
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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. Der Grund dafür ist, dass Orcel für die Bank zu teuer ist bzw. sich diese mit Orcel Vor zwei Jahren platzte das Engagement von Andrea Orcel bei der spanischen Bank Santander. Nun ist er Medienberichten zufolge in Italien in der Zielgeraden zum Banken-CEO.
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).
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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.
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UniCredit set to appoint former UBS banker Andrea Orcel as CEO - source Orcel, 57, quit Merrill Lynch to join Swiss bank UBS , where he was in charge of investment banking until 2018. He then left UBS to take the helm at Spanish lender Santander but it withdrew its offer, leaving Orcel unemployed and prompting him to file a 112 million euro ($136 million) lawsuit against the bank. UniCredit set to appoint Andrea Orcel as CEO - source Orcel's nomination would mark a return to the top tier of finance for the Italian, who left his senior investment banking role at UBS in 2018 to run Santander, only for the Spanish bank to rescind the offer in a row over pay. 2021-03-08 Santander has responded to a €100m (£90m) lawsuit being brought by its would-be chief executive, Andrea Orcel, after the bank withdrew its job offer in early 2019. Andrea Orcel ( Italian: [anˈdrɛːa orˈtʃɛl]; born May 14, 1963) is an Italian investment banker who most recently served as the president of UBS Investment Bank from November 2014 to September 2018. He was slated to succeed José Antonio Alvarez as chief executive of Banco Santander from September 2018 to January 2019.
As Padoan would surely acknowledge, the ideal candidate does not exist. That is why he seems ready to overlook the complication of Orcel’s pay dispute with Banco Santander, which rowed back on naming him its CEO in 2018, and that he will presumably also come at a much higher price than Mustier. 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. Two years ago, Andrea Orcel’s commitment to the Spanish bank Santander fell through. According to media reports, he is now on the home stretch to become a bank CEO in Italy.
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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.
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He has decided, "at the proposal of the appointments and remuneration commissions, to cancel the appointment of Andrea Orcel as the group's CEO," he said in
15 Jan 2019 Andrea Orcel, Europe's most famous investment banker, was poised to become the new chief executive of Santander.
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Andrea Orcel will El Santander renuncia contratar a Andrea Orcel como CEO por su alto coste. Ana Botín rechaza abonar al directivo italiano el bonus diferido de 50 millones y 16 Jan 2019 Andrea Orcel's move from Head of Investment Banking at UBS to CEO-designate of Santander is off.
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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.