Emilio Botín, in a 2009 file photo / GIUSEPPE CACACE (AFP)
Six children and 16 grandchildren, and five nephews sons of his only brother, James, has left Emilio Botín. Forman Booty lineage, which is as matriarch Ana Patricia Botin Sanz de Sautuola O’Shea. The new president of Banco Santander, who turns 54 years next October 4 (two more than when his father succeeded his grandfather), assumes the responsibility of maintaining the entity at the top of the banking hierarchy and, incidentally, the family lineage. Emilio Botin, who was in reference to his father, who left office at 83 years was not going to retire yet, but had in mind to succeed his elder daughter. Born in the bank and was prepared to be a banker. His father joined the company at age 24; her, 27, after studying in the USA (he graduated in economics at Harvard), be multilingual and work at JPMorgan in New York.
A woman of character, emphasizes that no one gave him anything. And although the surname catapulted from the beginning of his career, he has worked his curriculum. After JPMorgan, at age 32 reached the Directorate General, who left in 1999 after the integration with Central Hispano, which resulted in the BSCH. A collision with the co-chairman of the new entity, José María Amusátegui for power sharing led to Emilio Botin without his daughter, who founded a technology firm, which he left in 2002 to chair Banesto. Alfredo Sáenz became CEO of Santander to leave Angel Corcóstegui and left the room for that Booty recover his daughter.
In addition, Ana Botín never stopped being a counselor, since taking office in 1989, the 29. They are now having his eldest son, Philip Morenés Booty, who has studied political economy at Georgetown and working in the real estate fund Lone Star in the USA. He is the eldest grandson of Booty and Paloma O’Shea and, like her mother, is multilingual. His middle brother, Javier, works in a Swiss bank in New York, and the small, Pablo, an analyst at Credit Suisse.
form the next generation of Booty, interleaved forward the name of his father, Morenés William, the youngest son of the Marquis of Borguetto. But the firstborn, unlike her mother at her age, she is not bound contractually to the bank. Neither her brothers nor cousins. The future holds if, over time, some of them are outlined for president.
Yes the policy is in orbit the younger brother of Ana Botin, Javier, 41, a law graduate, owner of JB Capital Markets and President of the Club de Golf Pedrena, founded by his grandfather. Considered to be the trump card that is kept Emilio Botín, is a director of the bank since his brother Emilio will be unmarked to focus on his investment firm (Income Markets), he created with his brother Morenés. The fifth Botín O’Shea married the French noblewoman Elizabeth D’Ornano, whose family owns the cosmetics company Sisley
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The family and only has about 2%, and 57% is in foreign hands
The sisters (Carolina, Paloma and Carmen) are detached from the day-to-day bank but not the Botín Foundation, which guarantees the Cantabrian roots. Carolina, married to Korean-born German physician Christian Shin, specializes in Art and is responsible for international relations of the Foundation; Paloma, married to Ricardo Gómez-Acebo, Marquis of Revelstone (family linked to the former Banesto), manages the foundation and is the soul of the future Centre Booty. Carmen, who married Severiano Ballesteros, which separated, is a member of the foundation.
Ana Botin arrives at the position as he had foreseen his father and wanted his grandfather, who, perhaps for being the granddaughter greater , was particularly fond. He shared with them the love of golf, accompanied them on fishing and some nice safaris. The eldest had been inoculated, almost accidentally, the guidelines of the bank, allowing venture that would be the fourth president with name-with booty that interruption period in which it was the Indian lebaniego Saturnino Briz (from 1923-1950) – has the Banco Santander since 1904 That year, his great-grandfather (also married to Maria and Emilio Sanz de Suatuola, discoverer Girl Altamira Caves) took office. However, the first generation bank was linked to his great great grandfather, Emilio Botín Aguirre, whose brother, Rafael, was managing director. Both were sons of José María Booty, a doctor in the Navy intended to Santander in the second half of the nineteenth century.
Although there was no booty among the 32 founding members of the bank in 1857, the name was given the bank a familiar character. The big break came the grandfather of the current president with the purchase of Mercantile, I festering local competitor, and entry into the club of seven large Spanish banks. When her son came to the dome, was still much familiar weight. The Booty remain the largest individual shareholder with a stake of around 2%, but international weight (57% of its capital is abroad) greatly reduces the familiar character. That is, enough to make discussion hereditary appointment of the Chair for this and future occasions
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The next generation is also linked to the financial world
But the new president seems to have the confidence of the financial community, thanks largely to its passage by the British subsidiary, Santander UK, and the Banesto disappeared. The reaction of the stock market, which fell as close to 2% over the killing of Booty was not negative (it fell only 0.63%). Ana Botín must now maintain it among the largest in the world.
When his father became president in 1986 gave few hard for him. Was considered to have no ability to control and strategic vision of the old Booty and the bank would eventually absorbed into the growing European market that had joined Spain. But in the shadow of the father, had prepared thoroughly. He proved soon. He revolutionized banking with Supercuentas and began a relentless expansion, engulfing much larger banks (in Spain: Banesto, Central and Hispanic). He has been made difficult for her daughter, who surely apply his methods and perhaps will draw on The Art of War , the Chinese philosopher Sun Tzu. It was the most important book of his father and, among other maxims, says that when it is “able to see the subtle and notice the hidden before the battle, victory is easy.”
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