Emilio Botín

Last updated • 3 min readFrom Wikipedia, The Free Encyclopedia
Emilio Botín
Emilio Botin 14.01.15.jpg
Emilio Botín in 2010
Born
Emilio Botín-Sanz de Sautuola García de los Ríos

(1934-10-01)1 October 1934
Santander, Spain
Died10 September 2014(2014-09-10) (aged 79)
Madrid, Spain
Alma mater University of Deusto
OccupationBanker
Known forExecutive chairman of Grupo Santander
Spouse Paloma O'Shea, 1st Marchioness of O'Shea
Children6, including Ana Patricia Botín O'Shea
Parent(s) Emilio Botín-Sanz de Sautuola López
Ana García de los Ríos y Caller
Relatives Jaime Botín (brother)

Emilio Botín-Sanz de Sautuola García de los Ríos, iure uxoris Marquess of O'Shea (1 October 1934 – 10 September 2014) was a Spanish banker. [1] He was the executive chairman of Spain's Grupo Santander. In 1993 his bank absorbed Banco Español de Crédito (Banesto), and in 1999 it merged with Banco Central Hispano creating Banco Santander Central Hispano (BSCH), which became Spain's largest bank, of which he was co-president with Central Hispano's José María Amusategui, until Amusategui retired in 2002. In 2004, BSCH acquired the British bank Abbey National, making BSCH the second largest bank in Europe by market capitalisation. He was known for his obsession with growth and performance as well as regularly visiting branches. [2]

Contents

Early life

Botín was born in Santander, Cantabria, on the northern coast of Spain, the eldest of two sons of Emilio Botín-Sanz de Sautuola López, born on 18 January 1903, and Ana María García de los Ríos y Caller. [3] After attending as a boarding student the Jesuit school of Colegio de la Inmaculada, in Gijón, he studied law and economics at the University of Deusto in Bilbao.

Career

In 1986 Botín, then aged 52, took over from his father as chairman of Santander, one of many banks that existed in Spain at the time. Botín was no newcomer to the banking world. His father, grandfather and great-grandfather were all bankers.[ citation needed ]

In 2005, Forbes put Emilio Botín's net worth at $1.7 billion.[ citation needed ] Botín's eldest daughter, Ana Patricia Botín, was the president of Banesto from 2002 to November 2010 and was the CEO of Santander UK from December 2010 until Emilio's death upon which she was elected his successor as executive chairman of Grupo Santander.

During his chairmanship, Banco Santander was named 2012 'Best bank in the world', the third time that the bank had received this award over the previous seven years. [4]

Secret bank accounts

Botín and his family held undisclosed bank accounts in Switzerland since 1937. Those accounts were discovered by the Spanish tax authorities in 2010. Botín and his family voluntarily settled the case, paying a bill of €200 million. In 2012, Spain's High Court dropped a tax evasion probe for these issues, stating that Botín and his family had satisfied Spanish tax authorities with the €200 million settlement. [5]

Personal life

Botín was married to the Marchioness of O'Shea, and they had six children. His daughter Carmen was married to golfer Seve Ballesteros from 1988 to 2004. [6]

He died on 9 September 2014, of a heart attack in Madrid. Botín was survived by his six children and nineteen grandchildren.

Botin's eldest daughter Ana Patricia Botín, previously head of Santander's British business, was appointed chairman after his death. [7] [8]

Notes

  1. Santander's chairman "Emilio Botin dies." BBC News. Retrieved 9 October 2014.
  2. "BW Online | June 17, 2002 | Emilio Botín". businessweek.com. 2011. Archived from the original on 1 June 2011. Retrieved 31 March 2011.
  3. "Emilo Botín, * 1934". geneall.net. Retrieved 2024-12-11.
  4. "Banco Santander, elegido mejor banco del mundo por Euromoney". Noticias Bancarias. 6 July 2012.
  5. "Spain drops Botín family tax evasion probe". Financial Times. Retrieved 10 October 2014.
  6. "Lewine Mair, ¨Ballesteros Troubles Grow With Divorce¨, The Telegraph (29 December 2004)". Telegraph.co.uk. 29 December 2004. Retrieved 10 October 2014.
  7. "Ana Botín, unanimously appointed to chair the board of Banco Santander". 10 September 2014.
  8. Thomas, Landon Jr.; Minder, Raphael (2011-09-20). "Spain Examines Long Hidden Swiss Account". The New York Times. ISSN   0362-4331 . Retrieved 2018-01-02.

Related Research Articles

<span class="mw-page-title-main">Santander, Spain</span> Municipality in Cantabria, Spain

Santander is the capital of the autonomous community of Cantabria, Spain. It has a population of 172,000 (2017). It is a port city located in the northern coast of the Iberian Peninsula, facing the Cantabrian Sea.

<span class="mw-page-title-main">Marcelino Sanz de Sautuola</span>

Don Marcelino Sanz de Sautuola y Pedrueca or Marcelino de Sautuola was a Spanish jurist and amateur archaeologist who owned the land where the Altamira cave was found.

<span class="mw-page-title-main">Banesto</span> Spanish financial services corporation

Banco Español de Crédito, S.A., “Spanish Credit Bank”) better known as Banesto, was a Spanish multinational financial services company. Prior to the Spanish Government's historical intervention in 1993, the first in the history of banking, Banesto was the third-largest financial group in Spain, operating around 1,770 branches, as well as the fifth-largest company of the IBEX 35. The ambitious capital increase planned in 1993 by its Executive Chairman Mario Conde together with J.P. Morgan became the biggest restructuring plan in the history of Europe, involving asset sales and a rights issue of US$1.2 billion, after which Banesto was expected to become the largest financial firm in Europe. Although initially accepted by the Bank of Spain, it was later frustrated following intervention on the basis of financial transparency.

<span class="mw-page-title-main">Banco Santander</span> Spanish multinational bank

Banco Santander S.A. trading as Santander Group, is a Spanish multinational financial services company based in Madrid and Santander in Spain. Additionally, Santander maintains a presence in most global financial centres as the 19th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board.

António de Sommer Champalimaud was a Portuguese banker and industrialist. He was the wealthiest man in Portugal, gaining his fortune through insurance, banking, iron ore mining and cement industries, which were nationalized after the Carnation Revolution of 1974. After living in exile in Brazil for seven years, he returned to Portugal and rebuilt his companies.

<span class="mw-page-title-main">Santander Bank</span> Wholly owned subsidiary of Spanish Santander Group

Santander Bank, N. A. is an American bank operating as a wholly-owned subsidiary of the Spanish Santander Group. It is based in Boston and its principal market is the northeastern United States. It has $57.5 billion in deposits, operates about 650 retail banking offices and over 2,000 ATMs, and employs approximately 9,800 people. It offers an array of financial services and products, including retail banking, mortgages, corporate banking, cash management, credit card, capital markets, trust and wealth management, and insurance.

<i>Forbes</i> list of the Worlds 100 Most Powerful Women Ranking published by Forbes magazine

Since 2004, Forbes, an American business magazine, has published an annual list of its ranking of the 100 most powerful women in the world. Edited by prominent Forbes journalists, including Moira Forbes, the list is compiled using various criteria such as visibility and economic impact. In 2023, the gauge was "money, media, impact and spheres of influence". The top 10 per year are listed below.

Júlio Rafael de Aragão Bozano is a Brazilian banker and businessman.

<span class="mw-page-title-main">Ana Botín</span> Spanish businesswoman, banker (born 1960)

Ana Patricia Botín-Sanz de Sautuola O'Shea is a Spanish banker who has been the executive chairman of Santander Group since 2014.

<span class="mw-page-title-main">Banco de Venezuela</span> Public bank in Venezuela

Banco de Venezuela is an international universal bank based in Caracas. It was the market leader in Venezuela until 2007, when it fell to third place, with an 11.3% market share for deposits; its major competitors are Banesco, Banco Mercantil and BBVA Banco Provincial. As of June 2008, it had 285 branches in Venezuela.

<span class="mw-page-title-main">Citibank Argentina</span> Argentine commercial bank

Citibank Argentina is a commercial bank and financial services company and a subsidiary of Citigroup. It currently provides institutional services. In 2016, its retail operations were sold to Banco Santander Río.

Sir António Mota de Sousa Horta-Osório is a Portuguese-British banker. He was group chief executive officer (CEO) of Lloyds Banking Group (2011-2021), and chairman of Credit Suisse from April 2021 until 17 January 2022.

<span class="mw-page-title-main">Banco Central Hispano</span> Spanish banking company

Banco Central Hispano was a Spanish bank. In 1999 it was merged with Banco Santander to form Banco Santander Central Hispano. However the bank group was reverted to refer as Santander Group or Banco Santander in 2007.

<span class="mw-page-title-main">Alfredo Sáenz Abad</span> Spanish businessman (born 1942)

Alfredo Sáenz Abad is a Spanish businessman who was the CEO and Vice-Chairman of the Spanish bank Santander Group, the largest bank in the Eurozone and one of the largest banks in the world in terms of market capitalisation. He obtained his degree in Law from the University of Valladolid, and in Economics from the Universidad de Deusto, Bilbao.

Jaime Botín-Sanz de Sautuola y García de los Ríos was a Spanish billionaire heir, banker and art collector.

Emilio Botín-Sanz de Sautuola López was a Spanish banker, the chairman of Santander Group from 1950 to 1986.

Banco Mercantil Santa Cruz S.A. doing business as Mercantil Santa Cruz is a Bolivian bank and financial services company with headquarters in La Paz. As of 2015, Banco Mercantil Santa Cruz is the largest bank in Bolivia by assets. It is a full-service corporation that provides a wide range of financial products and services to an individual and corporate client base through a national network of operating 93 branches, more than 350 ATMs, call centers, and online and mobile banking platforms.

Diego Botin is a Spanish sailor. He and Iago López placed ninth in the 49er event at the 2016 Summer Olympics and fourth at the 2020 Summer Olympics. In tandem with Florian Trittel, he won the gold medal in the 49er class at the 2024 Summer Olympics.

<span class="mw-page-title-main">Marquess of O'Shea</span>

Marquess of O'Shea is a noble title in the peerage of Spain, bestowed on Paloma O'Shea, by King Juan Carlos I on 11 July 2008. It was granted in recognition of her vast contribution to music and patronage in Spain.

<span class="mw-page-title-main">Francisco Luzón</span> Spanish banker and economist (1948–2021)

Francisco Luzón López was a Spanish banker and economist. He assisted in transforming Spanish and Latin American banking over the last thirty years, leading banks such as Banco Bilbao Vizcaya Argentaria and Banco Santander. Luzón was diagnosed with ALS in October 2013 and created the Fundación Francisco Luzón to fund ALS research.

References