16 Jan 2019 Spain's Santander drops Orcel as its new CEO, after refusing to meet his pay demands Banco Santander said on Tuesday that Italian banker
Santander — Orcel var planerad att gå med i Banco Santander som sin verkställande Orcel lämnade formellt UBS den 30 september 2018.
Orcel, on gardening leave since the appointment was announced 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. Neither Orcel nor Botin were in court for Monday's hearing, which wrapped up after focusing on issues such as procedural evidence and which witnesses would be accepted. 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. 2019-07-03 · Ex-UBS Group AG investment banking head Andrea Orcel is suing Banco Santander SA for about 100 million euros ($113 million) after the Spanish bank reneged on an agreement to hire him as chief The case is in addition to Orcel's main civil case, in which he is seeking 112 million euros ($132 million) in damages. The most recent ruling was to hear Orcel's claim that Santander had tampered with evidence after the 57-year-old banker lost the job.
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Neither Orcel nor Botin were in court for Monday's hearing, which wrapped up after focusing on issues such as procedural evidence and which witnesses would be accepted. 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. 2019-07-03 · Ex-UBS Group AG investment banking head Andrea Orcel is suing Banco Santander SA for about 100 million euros ($113 million) after the Spanish bank reneged on an agreement to hire him as chief The case is in addition to Orcel's main civil case, in which he is seeking 112 million euros ($132 million) in damages.
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El juicio por la demanda que interpuso Andrea Orcel contra el Banco Santander tendrá lugar este 10 de marzo. Para defenderse, el banco presidido por Ana Botín ha puesto el caso en manos de su despacho de cabecera, Uría Menéndez. El Santander no ha querido hacer ningún comentario al respecto. Por su parte, tal y como se conoció el pasado mes de marzo, Orcel ha contratado los servicios del bufete De Carlos Remón.
16 Jan 2019 Banco Santander cancels its appointment of Andrea Orcel as CEO because it can't afford $80m in compensation for leaving his UBS job.
The most recent ruling was to hear Orcel's claim that Santander had tampered with evidence after the 57-year-old banker lost the job. FILE PHOTO: From L-R, Andrea Orcel, Banco Santander chairwoman Ana Botin and Banco Santander CEO Jose Antonio Alvarez are seen together at a meeting in this undated handout image. Banco Santander
2019-01-16
2021-03-24
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. 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. Orcel, on gardening leave since the appointment was announced
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.
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STOCKHOLM (Nyhetsbyrån Direkt) Spanska Banco Santander erbjöd investmentkändisen Andrea Orcel från UBS, som först lovades jobbet Orcel var tidigare ansvarig för investmentbanken på UBS och fick ett erbjudande tidigare om att bli vd för Banco Santander. Han skulle ersätta Den spanska storbanken Santander kommer att bestrida ett miljardkrav från den italienska bankiren Andrea Orcel i domstol.
However, on Jan. 15, Santander withdrew the offer to make Orcel CEO, making a rare, unexpected U-turn on such a high-level appointment. Banco Santander
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Den spanska storbanken Banco Santander har lagt ned planerna på att låta Andrea Orcel tillträda som ny vd, skriver New York Post. Beslutet är fattat mot
Ex-UBS Group AG investment banking head Andrea Orcel is suing Banco Santander SA for about 100 million euros ($113 million) after the Spanish bank reneged on an agreement to hire him as chief 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. Orcel, on gardening leave since the appointment was announced The Board of Santander made the decision to appoint Andrea Orcel in September 2018.
Santander promised to pay "up to" 35 million euros of a 55 million euro package that Orcel was due to receive in future years from his employer at the time, UBS. The letter said Orcel would make his "best efforts" to cap that cost by getting the Swiss bank to contribute some of it.
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.
Andrea Orcel no desembarcará finalmente en la entidad al fracasar las negociaciones que mantenía con su antigua casa, el suizo Andrea Orcel (Roma, 14 maggio 1963) è un banchiere italiano, attuale amministratore delegato del gruppo UniCredit.Dal 2014 al 2018 è stato presidente di UBS Investment Bank e per vent'anni, dal 1992 al 2012, ha lavorato nel dipartimento M&A di Merrill Lynch a Londra. Orcel, que recientemente ha sido nombrado consejero delegado de UniCredit, formalizó en julio de 2019 su ofensiva legal contra Banco Santander al presentar una demanda tras la cancelación por parte de la entidad de su contrato como consejero delegado.