Thursday, September 11, 2014

España: Ana Patricía Botín-Sanz de Sautuola y O'Shea Named President of Banco Santander

According to The Latin American Tribune, Ana Patricía Botin-Sanz de Sautuola y O’Shea was named Wednesday (September 10) president of Banco Santander, Spain and the Eurozone’s most important banking group, as well as a leader in Latin America, following the sudden death of her father, Emilio Botin.

The dynastic succession is one that Ana Patricía Botin has been preparing for over most of her adult life, especially in the past few years. She was CEO at the bank’s British franchise, Santander UK, from 2010 to the present time.

Born in the northern Spanish city of Santander on October 4th, 1960, the eldest child of banker Emilio Botin and Paloma O’Shea Artiñano, Ana Patricia Botín comes from a family with a commanding presence in Spanish banking that dates back almost a century.

After earning a degree in Economics from Harvard University, she started off her banking career in 1981, aged 21; but did not arrive at Santander until 1989, when she entered the bank’s International Division as Capital Markets Director.

COMMENT: She has been on the bank’s board of directors since 1989, was promoted to Assistant General Manager in 1991, became CEO and President of Santander’s Business Bank in 1993, Santander’s CEO the following year, and President of the Rio Bank of Argentina in 1997.

After Santander merged with Banco Central Hispano in January of 1999, Botín entered the bank’s Executive Committee and Managing Committee. Shortly afterwards, however, she resigned those posts and started a series of new professional initiatives, although she did retain her seat at the board of directors.

Back at Santander from 2002 to 2010, Ana Botín became president of Banesto, a bank acquired by Santander after it was intervened by Spanish government. During her tenure at the helm of Banesto, the bank entered Spain’s selective index of high performing blue chips, the IBEX 35.

Analysis agreed that “the Botin Dynasty’s natural heir” has become the most important banker in Spain following her father’s passing. She has been married since 1983 to Guillermo Morenes Mariategui. The couple has three children.