Emilio Botín

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This name uses Spanish naming customs: the first or paternal family name is Botín-Sanz de Sautuola and the second or maternal family name is García de los Ríos.
Emilio Botín
Emilio Botín en la primera reunión de trabajo del CSEV.jpg
Emilio Botín in 2010
Born Emilio Botín-Sanz de Sautuola y García de los Ríos
(1934-10-01)1 October 1934
Santander, Spain
Died 9 September 2014(2014-09-09) (aged 79)
Madrid, Spain
Nationality Spanish
Alma mater University of Valladolid, University of Deusto
Occupation Banker
Employer Santander
Known for Executive Chairman of Grupo Santander
Net worth Increase 1.1 billion [1]
Religion Catholic[citation needed]
Spouse(s) Paloma O'Shea
Children Ana Patricia Botín O'Shea
Carmen Botín O'Shea
Carolina Botín O'Shea
Paloma Botín O'Shea
Javier Botín O'Shea
Emilio Botín O'Shea

Emilio Botín-Sanz de Sautuola y García de los Ríos, Marquis Consort of O'Shea (1 October 1934 – 9 September 2014) was a Spanish banker.[2] 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. In July 2008 Santander was named the Best Bank in the World by Euromoney magazine. He was known for his obsession with growth and performance as well as regularly visiting branches.[3]

Background and personal life[edit]

Botín was born in Santander, Cantabria, on the northern coast of Spain, the eldest of two sons of Emilio Botín y Sanz de Sautuola, born in 18 January 1903, and Ana María García de los Ríos y Caller.[4] After attending as a boarding student the Jesuit school of Colegio de la Inmaculada, in Gijón, he studied Law at the University of Valladolid in Valladolid and Economics at the University of Deusto in Bilbao. In 1986 Emilio Botín, then aged 52, took over from his father as president of the Banco de 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]

Botín was married to Paloma O'Shea Artiñano, 1st Marquise of O'Shea, a patron of the arts; they have six children. His daughter Carmen was married to golfer Seve Ballesteros from 1988 to 2004.[5]

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 is the CEO of Santander UK since December 2010, and widely viewed as his probable successor as President.[citation needed]

Botin 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 settled voluntarily the case paying a bill of €200 million. In 2012, Spain's High Court dropped a tax evasion probe for these issues, stating that Mr Botin and his family had satisfied Spanish tax authorities with the €200 million settlement.[6]

During his presidency, Banco Santander was named 2012 'Best bank in the world', the third time that the bank had received this award in the past seven years.[7]

He died on 9 September 2014 of a heart attack in Madrid. Botín was survived by his six children and seventeen grandchilden.[8][2] Botin's eldest daughter Ana Botin, previously head of Santander's British business, was appointed as new chairwoman after his death.[9]

Notes[edit]

  1. ^ "Emilio Botin - Forbes". forbes.com. Retrieved 13 September 2012. 
  2. ^ a b Santander's chairman "Emilio Botin dies." BBC News. Retrieved 9 October 2014.
  3. ^ "BW Online | June 17, 2002 | Emilio Botín". businessweek.com. 2011. Retrieved 31 March 2011. 
  4. ^ http://www.geneall.net/H/per_page.php?id=327221 Emilio Botín in a Portuguese Genealogical site
  5. ^ "Lewine Mair, ¨Ballesteros Troubles Grow With Divorce¨, The Telegraph (29 December 2004)". Telegraph.co.uk. 29 December 2004. Retrieved 10 October 2014. 
  6. ^ "Spain drops Botín family tax evasion probe". Financial Times. Retrieved 10 October 2014. 
  7. ^ "Banco Santander, elegido mejor banco del mundo por Euromoney". Noticias Bancarias. 6 July 2012. 
  8. ^ "Emilio Botín, Who Built Up Santander Bank, Dies at 79". The New York Times. Retrieved 11 October 2014. 
  9. ^ "Ana Botín, unanimously appointed to chair the board of Banco Santander". 10 September 2014. 

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]