Orcel, 57, will join UniCredit just over two years after Spanish bank Santander withdrew an offer to make him its CEO after a disagreement over his pay package that ignited a 112 million euro

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.

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 «EFE» (in Spanish) . 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.

Mr. Orcel is currently member of UBS Group’s executive committee and brings a wealth of experience and expertise, having worked closely with Santander for almost two decades . 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 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 … Following a board meeting on January 15th, the Grupo Santander Board announced 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.

Jan 16, 2019 Santander Just Rescinded Its New CEO's Appointment Over an Exorbitant Andrea Orcel quit his job at UBS before confirming the Santander

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. Banco Santander named UBS’s Andrea Orcel as its new CEO, propelling one of Europe’s highest-profile investment bankers to the helm of a global banking giant. 2019-01-23 The first full hearing in a legal dispute between Italian banker Andrea Orcel and Spanish bank Santander will be held on Apr. 7, a local Madrid court said on Wednesday, the day the showdown had originally been due to open..

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

José Antonio Álvarez will continue as group CEO. Rodrigo Echenique will continue as Chairman of Santander Spain until a successor is appointed. Orcel was slated to join Banco Santander as its chief executive from September 2018 to January 2019.

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. 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. Banco Santander named UBS’s Andrea Orcel as its new CEO, propelling one of Europe’s highest-profile investment bankers to the helm of a global banking giant.
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The bank changed its mind the following January, saying it could not meet his pay demands, in a rare U-turn involving such a One year ago, Andrea Orcel was fired as the CEO of Santander before he even had a chance to take the 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.
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The first full hearing in a legal dispute between Italian banker Andrea Orcel and Spanish bank Santander will be held on Apr. 7, a local Madrid court said on Wednesday, the day the showdown had originally been due to open.. The hearing of the case brought by Orcel, over the bank's withdrawal of an offer to make him CEO, was postponed after the judge handling the case had to go into quarantine

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.

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José Antonio Alvarez, the current CEO, was to be moved aside to a role as chairman of Santander in Spain. He will now remain as CEO, in the knowledge he was not considered the right person to take the bank forward. Orcel sees his stellar career in tatters – at least for now.

Tel. +34 91 2895211 comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander. Andrea Orcel appointed . Santander Group CEO from early 2019 . José Antonio Álvarez will be Santander Spain’s new Executive Chairman and the (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 … 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.