2018-09-26

Sep 25, 2018 Echenique as Vice Chairman of the Group and Chairman of Santander Spain. Following this appointment Mr. Álvarez and Bruce Carnegie-Brown

Banco Santander has said that Andrea Orcel would not take over as CEO after it could not meet his 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. 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. 2021-03-24 · Andrea Orcel. Madrid 24 MAR 2021 - 12:54 CET. El juicio contra Banco Santander por el fichaje fallido del banquero italiano Andrea Orcel ha sido aplazado al 19 de mayo por problemas de agenda de 2019-01-16 · Spain's Santander drops Orcel as its new CEO, after refusing to meet his pay demands.

How Will The Case 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 lunch with Santander Chairman Ana Botin. 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 Santander shocked the industry on Tuesday, announcing it would not proceed with the hiring of Orcel, a high-profile dealmaker it had poached from his role as head of UBS investment bank.

När UBS var tvungen att ersätta sin investeringsbankchef Andrea Orcel, som lämnar för att bli VD i Santander, kom det fram en bekväm intern lösning till.

The dispute centered around deferred compensation that he would lose if he took another job in the financial industry after leaving UBS. Orcel-Santander court showdown delayed by COVID-19 case The hearing over the withdrawal in 2019 of an offer to Orcel to become CEO at Santander, was due to start on Wednesday, just weeks before his planned appointment as chief executive at Italy's UniCredit. 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 Orcel of “dubious ethical and moral behavior” by recording private conversations. 2019-01-16 Orcel demanded Santander honour 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.

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 decision was officially based on the maximum EUR 50 million that the Spanish lender would have had to pay Orcel as compensation for his foregone deferred share awards at UBS. 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. 2019-07-03 · The former head of UBS's investment banking unit, Andrea Orcel, filed a $113.0m lawsuit against Santander after it walked back on its agreement to name him as its new chief executive officer. Orcel está dispuesto a retirar parte de la demanda contra Santander tras ser nombrado CEO de Unicredit Reclamaba 120 millones de euros, pero reduciría la reclamación a 60 millones Á.Gonzalo Orcel, a nine-year veteran of Switzerland's largest bank, will join Santander from early 2019, Santander said in a statement. "Delighted that Andrea Orcel is joining us as Group CEO. Las acusaciones cruzadas entre el banquero italiano y el Santander han comprometido la figura de Orcel y el banquero tiene todavía que ser refrendado en el nuevo puesto.

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. 2021-03-24 · Andrea Orcel. Madrid 24 MAR 2021 - 12:54 CET. El juicio contra Banco Santander por el fichaje fallido del banquero italiano Andrea Orcel ha sido aplazado al 19 de mayo por problemas de agenda de 2019-01-16 · Spain's Santander drops Orcel as its new CEO, after refusing to meet his pay demands.
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2021-03-10 Spain's Santander drops Orcel as next CEO, blames pay gap Updated / Wednesday, 16 Jan 2019 07:28. Banco Santander has said that Andrea Orcel would not take over as CEO after it could not meet his (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 … 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.

Orcel, on gardening leave since the appointment was announced Dopo l’annuncio arrivato a settembre, Andrea Orcel adesso dal gennaio 2019 è il nuovo CEO di Banco Santander: sarà lui quindi a guidare quella che è la prima banca spagnola, dell’eurozona e la quindicesima al mondo.
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2019-01-23

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 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 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 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. In light of his seniority, along with regulatory, legal and contractual considerations, an early announcement of the appointment was necessary, subject to the usual conditions, including a six-month garden leave.