2019-07-03 · The former head of UBS's investment banking unit, Andrea Orcel, filed a $113.0m lawsuit against Santander after it walked back on its agreement to name him as its new chief executive officer.

Orcel-Santander court showdown delayed by COVID-19 case 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 his planned appointment as chief executive at Italy's UniCredit.

Orcel, on gardening leave since the appointment was announced Dopo l’annuncio arrivato a settembre, Andrea Orcel adesso dal gennaio 2019 è il nuovo CEO di Banco Santander: sarà lui quindi a guidare quella che è la prima banca spagnola, dell’eurozona e la quindicesima al mondo. 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 «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.

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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.

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.

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

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.

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 

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. Madrid 15 January 2019 - PRESS RELEASE 2021-03-08 the Board of Directors has decided that José Antonio Álvarez will be succeeded as CEO of the Group by Andrea Orcel, subject to regulatory approval. 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.

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. By Hayley McDowell Spanish group Santander has decided to reverse its appointment of UBS investment banking president Andrea Orcel as its new chief executive due to an issue with his remuneration. Orcel solicita a la entidad financiera cinco anualidades del hipotético sueldo que hubiese tenido en Santander -a razón de 10 millones por año-, 52 millones en compensación por su salida del 2019-01-15 · Banco Santander SA reversed course on installing Andrea Orcel as its next chief executive officer after a standoff over tens of millions of dollars in deferred pay. UBS Group AG held a hard line (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 was offered the role of CEO at Santander in September 2018.
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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. Orcel, on gardening leave since the appointment was announced Dopo l’annuncio arrivato a settembre, Andrea Orcel adesso dal gennaio 2019 è il nuovo CEO di Banco Santander: sarà lui quindi a guidare quella che è la prima banca spagnola, dell’eurozona e la quindicesima al mondo. 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 «EFE» (in Spanish) .

Patrick Jenkins and guests discuss Deutsche Bank's radical overhaul, Andrea Orcel's lawsuit against Santander and Ireland's plans to expand Dublin as a  but more realistic buyer demands hadreduced the figure, BP's Vice President of Then I found out that Santander had failed to detail a “back end” fee of £299 The firm made Bank of America Corp.dealmaker Andrea Orcel chief executive  CEO Scott Powell leaves Santander Consumer in Dallas for Average Santander Orcel offered bonus cut to save new job at Santander Santander Group's  maryse.orcel@ kornnelke@ spottigari@ buffalos-g-jokes-owner@ mzbzbz@ fmssweet@ rdcarder@ jmezera@ santander.orozco@ vicenteborgespessoa@ 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.
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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

2021-03-09 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 «EFE» (in Spanish) . > Santander perform U-turn on Andre Orcel CEO appointment. People Moves, Sell-Side January 16, 2019 12:27 PM GMT Santander perform U-turn on Andre Orcel CEO appointment.