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Andrea Orcel may come out on top despite the CEO job at Santander slipping through his fingers – at least financially. finews.com looks at the three key questions facing the ex-UBS heavyweight.. Andrea Orcels's resignation as head of UBS' investment bank last year was meant to beckon the crowning achievement of his career. The move ended in tears after Santander four months later backed out The Italian bank wants Andrea Orcel as its new CEO. The 57-year-old investment banker still needs to resolve two weighty issues first. After 28 months away from the C-suite, Andrea Orcel is going to be CEO: the board of Italy's Unicredit unanimously backed him to succeed current CEO Jean Pierre Mustier, the Italian bank said in a statement.Mustier leaves Unicredit after fourth-quarter results Andrea Orcel was to have taken the CEO seat at Madrid-based Santander sometime this quarter.
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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. 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. In a stunning reversal, incoming Santander CEO Andrea Orcel lost his job before even starting.
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Photograph: Sergio Moraes/Reuters Orcel open to drop part of claim against Santander if becomes Unicredit CEO, source says Italian banker Andrea Orcel is open to negotiating a deal with Santander over the bank's withdrawal of an offer to make him CEO, including by lowering his compensation claim from 112 million euros to around 60 million euros, a source with knowledge of the matter told Reuters on Wednesday. 2021-03-09 · Orcel is seeking as much as 112 million euros ($133.2 million) in compensation from Santander for breach of contract after its decision in January 2019 not to make him its No. 2 executive. He is set to start as CEO of UniCredit SpA, Italy’s No. 2 bank, in April.
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Executive Chair of Santander Orcel had resigned as head of UBS's investment banking business to take up the Santander offer.
Santander dropped its appointment of Andrea Orcel as the Spanish bank's new chief executive, over the 55-year-old's pay packet. Executive Chair of Santander
Oct.02 -- Banco Santander SA Chairman Ana Botin talks about hiring Andrea Orcel as the new chief executive officer.
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Santander dropped its appointment of Andrea Orcel as the Spanish bank's new chief executive, over the 55-year-old's pay packet. Executive Chair of Santander 2019-01-16 A high-profile row between Spain's Santander and Andrea Orcel will go to a court showdown in March after they failed to reach a deal over the withdrawal of an offer to make the Italian banker chief executive.
Jan 15, 2019 Andrea Orcel, Europe's most famous investment banker, was poised to become the new chief executive of Santander. But the bank refused to
Jul 16, 2019 Orcel, the investment banker who was denied the role of chief executive at Santander just four months after being offered the post, was offered a
Jan 16, 2019 Andrea Orcel quit his job at UBS before confirming the Santander appointment— an unusual move. Justin Talls—AFP/Getty Images.
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Unicredit planerar utse Andrea Orcel till ny vd - BN Realtid.se
Mr. Orcel is suing the bank for EUR100 million, equivalent of $121 million. Andrea Orcel said: “I am exceptionally proud and excited to be joining Santander as CEO and working with Ana, José Antonio and all of the organisation as we continue to ensure Santander excels. My immediate priority is to meet as many of my new colleagues as possible, and gain a new perspective on Santander … Oct.02 -- Banco Santander SA Chairman Ana Botin talks about hiring Andrea Orcel as the new chief executive officer.
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December 2020 – Page 125 – Exhibitors should prepare steel
La guerra entre Andrea Orcel y Banco Santander tendrá que resolverse en los juzgados. La entidad y el banquero italiano no han conseguido llegar a un acuerdo para evitar el juicio por el que se 2021-03-08 · 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 Andrea Orcel, one of the City's most high-profile dealmakers, has emerged as a front-runner as the new chief executive of UniCredit, despite still being embroiled in a lawsuit with Santander after it withdrew its offer to the Italian banker for its top job. 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. 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 2021-03-09 · A court hearing in a dispute between Italian banker Andrea Orcel and Santander has been postponed after the judge handling the case had to quarantine over contact with a person with COVID-19. Orcel, who was head of UBS Group's investment banking business at the time, resigned from the Swiss bank when he was offered the Santander job.