Jan 16, 2019 Banco Santander has said that Italian banker Andrea Orcel would not take over as chief executive after it could not meet his pay expectations,

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

Orcel was offered the role of CEO at Santander in September 2018. 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 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.

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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 high-level appointment. 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 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 Ciudad Grupo Santander, edificio Arrecife, pl. 2 28660 Boadilla del Monte (Madrid). Tel. +34 91 2895211 comunicacion@gruposantander.com www.santander.com - Twitter: @bancosantander. Andrea Orcel appointed . Santander Group CEO from early 2019 .

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. The dispute centered around deferred compensation that he would lose if he took another job in the financial industry after leaving UBS. UBS investment banking president Andrea Orcel will no longer take on the role of CEO at Santander due to compensation concerns.

Nov 7, 2019 Orcel and Santander remain deadlocked following Orcel's request to be reinstated as the Spanish lender's chief executive officer - a demand

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.

Sep 25, 2018 MADRID (Reuters) – Banco Santander has appointed Andrea Orcel as its new chief executive officer to replace Jose Antonio Alvarez, Spain's

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. 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.

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.
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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) . > Santander perform U-turn on Andre Orcel CEO appointment.

El juicio tiene lugar apenas un mes antes de que los accionistas de la entidad italiana, la mayor del país por volumen de activos, voten el nombramiento de Orcel tras la propuesta del consejo de administración el pasado mes Andrea Orcel will join Santander as CEO in early 2019, as UBS names Piero Novelli and Robert Karofsky co-presidents of the investment bank. By Hayley McDowell UBS has confirmed that the president of investment banking role will be divided between two of its senior executives, following Andrea Orcel’s decision to accept the role of CEO at Santander Group. 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.
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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.

The bank changed its mind the following January, saying it could not meet his pay demands, in a … Orcel, a nine-year veteran of Switzerland's largest bank, will join Santander from early 2019, Santander said in a statement. Advertisement "Delighted that Andrea Orcel is joining us as Group CEO. Andrea Orcel will join Santander as CEO in early 2019, as UBS names Piero Novelli and Robert Karofsky co-presidents of the investment bank. By Hayley McDowell UBS has confirmed that the president of investment banking role will be divided between two of its senior executives, following Andrea Orcel’s decision to accept the role of CEO at Santander Group. The Grupo Santander Board today announces that Andrea Orcel’s appointment to the role of Group CEO will not proceed.