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Emilio Botín

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]

Emilio Botín
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 materUniversity of Deusto
OccupationBanker
Known forExecutive chairman of Grupo Santander
SpousePaloma 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
RelativesJaime Botín (brother)

Early life edit

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 edit

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 edit

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 edit

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 edit

  1. ^ Santander's chairman "Emilio Botin dies." BBC News. Retrieved 9 October 2014.
  2. ^ . businessweek.com. 2011. Archived from the original on 1 June 2011. Retrieved 31 March 2011.
  3. ^ http://www.geneall.net/H/per_page.php?id=327221 Emilio Botín in a Portuguese Genealogical site
  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.

References edit

  • Guillén, Mauro F.; Tschoegl, Adrian (2008). Building a Global Bank: The Transformation of Banco Santander. Princeton: Princeton University Press. ISBN 978-0-691-13125-2.

External links edit

  • Profile of Emilio Botín
  • A survey considers Emilio Botín as the best Spanish valued CEO
  • Was Emilio Botín murdered?
  • Emilio Botín repeats as most influential businessman in Spain
  • Emilio Botín, the most influential Spanish businessman according to research: KAR 2011, Ipsos Public Affairs.
  • The Banker nombra al Santander 'banco del año' en Reino Unido, México, Polonia, Portugal, Argentina y Puerto Rico". expansion.com. November 2012.
  • New York Times Article_Tax Fraud Investigation on Botín
  • How Botin's secret account was discovered. Online Article in Cuarto Poder (In Spanish)

emilio, botín, this, spanish, name, first, paternal, surname, botín, sanz, sautuola, second, maternal, family, name, garcía, ríos, sanz, sautuola, garcía, ríos, iure, uxoris, marquess, shea, october, 1934, september, 2014, spanish, banker, executive, chairman,. In this Spanish name the first or paternal surname is Botin Sanz de Sautuola and the second or maternal family name is Garcia de los Rios Emilio Botin Sanz de Sautuola Garcia de los Rios 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 Espanol de Credito 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 Jose Maria 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 Emilio BotinEmilio Botin in 2010BornEmilio Botin Sanz de Sautuola Garcia de los Rios 1934 10 01 1 October 1934Santander SpainDied10 September 2014 2014 09 10 aged 79 Madrid SpainAlma materUniversity of DeustoOccupationBankerKnown forExecutive chairman of Grupo SantanderSpousePaloma O Shea 1st Marchioness of O SheaChildren6 including Ana Patricia Botin O SheaParent s Emilio Botin Sanz de Sautuola LopezAna Garcia de los Rios y CallerRelativesJaime Botin brother Contents 1 Early life 2 Career 3 Secret bank accounts 4 Personal life 5 Notes 6 References 7 External linksEarly life editBotin was born in Santander Cantabria on the northern coast of Spain the eldest of two sons of Emilio Botin Sanz de Sautuola Lopez born on 18 January 1903 and Ana Maria Garcia de los Rios y Caller 3 After attending as a boarding student the Jesuit school of Colegio de la Inmaculada in Gijon he studied law and economics at the University of Deusto in Bilbao Career editIn 1986 Botin then aged 52 took over from his father as chairman of Santander one of many banks that existed in Spain at the time Botin was no newcomer to the banking world His father grandfather and great grandfather were all bankers citation needed In 2005 Forbes put Emilio Botin s net worth at 1 7 billion citation needed Botin s eldest daughter Ana Patricia Botin 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 editBotin and his family held undisclosed bank accounts in Switzerland since 1937 Those accounts were discovered by the Spanish tax authorities in 2010 Botin 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 Botin and his family had satisfied Spanish tax authorities with the 200 million settlement 5 Personal life editBotin 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 Botin was survived by his six children and nineteen grandchildren Botin s eldest daughter Ana Patricia Botin previously head of Santander s British business was appointed chairman after his death 7 8 Notes edit Santander s chairman Emilio Botin dies BBC News Retrieved 9 October 2014 BW Online June 17 2002 Emilio Botin businessweek com 2011 Archived from the original on 1 June 2011 Retrieved 31 March 2011 http www geneall net H per page php id 327221 Emilio Botin in a Portuguese Genealogical site Banco Santander elegido mejor banco del mundo por Euromoney Noticias Bancarias 6 July 2012 Spain drops Botin family tax evasion probe Financial Times Retrieved 10 October 2014 Lewine Mair Ballesteros Troubles Grow With Divorce The Telegraph 29 December 2004 Telegraph co uk 29 December 2004 Retrieved 10 October 2014 Ana Botin unanimously appointed to chair the board of Banco Santander 10 September 2014 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 References editGuillen Mauro F Tschoegl Adrian 2008 Building a Global Bank The Transformation of Banco Santander Princeton Princeton University Press ISBN 978 0 691 13125 2 External links edit nbsp Wikimedia Commons has media related to Emilio Botin Profile of Emilio Botin A survey considers Emilio Botin as the best Spanish valued CEO Was Emilio Botin murdered Emilio Botin repeats as most influential businessman in Spain Emilio Botin the most influential Spanish businessman according to research KAR 2011 Ipsos Public Affairs The Banker nombra al Santander banco del ano en Reino Unido Mexico Polonia Portugal Argentina y Puerto Rico expansion com November 2012 New York Times Article Tax Fraud Investigation on Botin How Botin s secret account was discovered Online Article in Cuarto Poder In Spanish Retrieved from https en wikipedia org w index php title Emilio Botin amp oldid 1114573823, wikipedia, wiki, book, books, library,

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