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The star banker is pursuing several attempts to get Santander to make up for firing him as CEO before he had a chance to take the job. One of the avenues foundered in Spanish court. 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 In taking the job at UniCredit, Orcel is relinquishing more than 25 million euros in deferred pay from former employer UBS, which he left to become CEO at Santander in 2018. But a row over pay led the Spanish bank to drop its offer, leaving Orcel out of a job and prompting him to file a 112 million euro lawsuit.
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Jan 26, 2021 One of Europe's best-known bankers remains in a legal fight with Santander over a canceled job offer. Sep 14, 2020 Mr Orcel, who had already quit his UBS post by the time of the volte face and who had asked Ms Botín to “empower” him as CEO, has said he was Sep 25, 2018 Echenique as Vice Chairman of the Group and Chairman of Santander Spain. Following this appointment Mr. Álvarez and Bruce Carnegie-Brown Mar 9, 2021 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 Andrea Orcel to succeed José Antonio Álvarez as CEO of Banco Santander Group Gerda Holzinger-Burgstaller appointed as the new CEO of Erste Bank Jan 16, 2019 Prominent European investment banker Andrea Orcel found that out the hard way this week, after losing a plum job as CEO of Spain's Santander. Jan 16, 2019 UBS investment banking president Andrea Orcel will no longer take on the role of CEO at Santander due to compensation concerns. Sep 26, 2020 The Spanish financial institution, Banco Santander, has announced the appointment of its new Chief Executive Officer. Andrea Orcel will Sep 15, 2020 The dispute concerns Santander's U-turn in hiring Italian banker and former UBS president Andrea Orcel as its CEO. Andrea Orcel is an Italian investment banker who most recently served as the president of UBS Investment Bank from November Jan 19, 2019 Santander said it will revert to the man Orcel had displaced as CEO, CEO Sergio Ermotti to tell him she had offered the role to Orcel a few Jan 26, 2021 Orcel, the appointment represents a return following a very public clash with Santander and its powerful executive chairman, Ana Botin, who in Jan 16, 2019 Santander Just Rescinded Its New CEO's Appointment Over an Exorbitant Andrea Orcel quit his job at UBS before confirming the Santander Jul 4, 2019 Santander offered Orcel a senior advisory role in March in an effort to mend bridges with the former president of UBS's investment bank, two Jan 17, 2019 Spanish bank Santander announced on Tuesday it was cancelling Andrea's Orcel September appointment after finding out how much money it Jan 27, 2021 MADRID — Italian banker Andrea Orcel is open to negotiating a deal with Santander over the bank's withdrawal of an offer to make him CEO, 27 Ene 2021 Andrea Orcel, el banquero italiano que tiene un pleito de 112 millones contra Santander, podría ser nombrado candidato oficial a consejero Jul 26, 2019 Bank accuses Andrea Orcel of 'dubious moral behaviour' over its was potentially to become Santander's CEO and has ultimately confirmed Jul 3, 2019 Santander 'faces €100m lawsuit' from Andrea Orcel over CEO row Santander has reportedly been landed with a €100m (£90m) legal challenge Mar 13, 2021 Orcel, the former head of investment banking at Swiss bank UBS, is embroiled in a legal tussle with Santander after the Spanish bank two years Jan 15, 2019 Andrea Orcel, Europe's most famous investment banker, was poised to Banco Santander said on Tuesday that it would no longer hire Andrea Orcel as Last fall, he agreed to become one of those C.E.O.s.
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.
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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. 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. 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.
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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. UniCredit has said it will not compensate him in any way for that loss, after a row over pay prompted Spanish bank Santander to withdraw its offer to make Orcel its CEO back in 2019, leaving the UniCredit has said it will not compensate him in any way for that loss, after a row over pay prompted Spanish bank Santander to withdraw its offer to make Orcel its CEO back in 2019, leaving the Italian banker out of a job.
2021-04-16 · Andrea Orcel debilita su posición en el próximo juicio contra Banco Santander al ser nombrado consejero delegado del italiano Unicredit
Meanwhile, Jose Antonio Alvarez, 61, the veteran CEO whom Orcel was to have replaced, remains in his job -- leaving questions about Santander’s longer-term management direction. How Will The Case Proceed? Proceedings at Madrid’s Court of First Instance No. 46 are expected to only last Wednesday morning. Orcel is suing Santander for about 100 million euros ($122 million ) over its decision to withdraw the CEO job offer.
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2018-09-26 · Andrea Orcel, a member of the UBS executive committee and the president of its investment bank, will replace José Antonio Álvarez as CEO in early 2019, Santander SAN, -0.58% SAN, -0.05% said in 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. Jan 26, 2021 One of Europe's best-known bankers remains in a legal fight with Santander over a canceled job offer. Sep 14, 2020 Mr Orcel, who had already quit his UBS post by the time of the volte face and who had asked Ms Botín to “empower” him as CEO, has said he was Sep 25, 2018 Echenique as Vice Chairman of the Group and Chairman of Santander Spain. Following this appointment Mr. Álvarez and Bruce Carnegie-Brown Mar 9, 2021 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 Andrea Orcel to succeed José Antonio Álvarez as CEO of Banco Santander Group Gerda Holzinger-Burgstaller appointed as the new CEO of Erste Bank Jan 16, 2019 Prominent European investment banker Andrea Orcel found that out the hard way this week, after losing a plum job as CEO of Spain's Santander.
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 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.
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Being CEO of a behemoth like Santander with its 1.5 trillion-euro asset base would have given Orcel one of the top jobs in European banking. Having that opportunity wrestled away from him clearly rankled -- Orcel told the Financial Times he had been days away from buying a house in Madrid and his daughter had already been accepted into her new Spanish school. The star banker is pursuing several attempts to get Santander to make up for firing him as CEO before he had a chance to take the job. One of the avenues foundered in Spanish court. 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 In taking the job at UniCredit, Orcel is relinquishing more than 25 million euros in deferred pay from former employer UBS, which he left to become CEO at Santander in 2018.
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Orcel is suing Santander for 112 million euros. A public hearing in the dispute is scheduled in Madrid on May 19. (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.
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. UniCredit has said it will not compensate him in any way for that loss, after a row over pay prompted Spanish bank Santander to withdraw its offer to make Orcel its CEO back in 2019, leaving the UniCredit has said it will not compensate him in any way for that loss, after a row over pay prompted Spanish bank Santander to withdraw its offer to make Orcel its CEO back in 2019, leaving the Italian banker out of a job. Orcel is suing Santander for 112 million euros.