The continuity of the lineage of the booty in front of a systemic institution for the Eurozone as the Banco Santander , is publicly supported by Government, PSOE and some major international investment banks. Ana Patricia Botín starts his term with a vote of confidence, and in its first day, the impact on the stock market was minimal: a fall of 0.64% in line with the widespread Ibex
The challenge of the daughter of the late Emilio Botín is to show that is as competent or more than any other international executive to maintain or increase the profitability of the bank. National and international voices conviction showed yesterday that it will.
“He has a career and particularly extraordinary bank and I’m sure will do very well in front of Banco Santander,” said Minister Industry, José Manuel Soria at the end of the Executive Committee of Economic Affairs, headed by Mariano Rajoy. For the parliamentary spokesman for the PSOE, Antonio Hernando , the heiress is “a person who has demonstrated solvency front entities of Banco Santander has been.” He noted that it was “probably” the best option to replace Emilio Botín and considered “perfectly capable”.
In addition to government and opposition Emilio Botin maintained close relations with both-the main rival to the banker, the chairman of BBVA Francisco González was equally positive . This underscored the importance of chair of Santander alluding to is a systemic entity for all the Spanish and European financial sector, but did not doubt the competence of the daughter of the late adversary: “Ana knows the responsibility you have, and of course that is prepared for the office “. Gonzalez went to the chapel of Booty in Santander “pay tribute to a colleague.”
The independent director of Santander, Sheila Bair , participated Thursday in his appointment and justified because it was the best to head the bank. “His name had nothing to do,” said verbatim. According to the former head of American Guarantee Fund deposits -fichada eight months ago as a counselor that last name is Booty, “neither qualifies nor disqualifies» . “She knows the organization inside and out, has commitment and has spent much of his career to the bank.” American President Goldman Sachs, Lloyd Blankfein, is full of praise: “Ana Botin is already one of the most respected bankers in the world (…) His experience, good judgment and great qualities to manage to keep Santander as one of the most important global institutions. ”
“It is very worthy successor,” he told Bloomberg the former president of Deutsche Bank Josef Ackermann . “Has he surpassed his career highs and lows that have made it stronger and better prepared for the job,” said the former president of Banesto.
“Mrs. Booty is an experienced manager with unparalleled knowledge of the group, having been prepared for years to become president,” as reported by the American Citi to customers. The chief financial officer of Santander, José Antonio Álvarez , addressed analysts to explain the appointment and “commitment” of the president with the “current group strategy.” However, Citi analyst bet that the successor will play unless your parent sales or repurchases of its subsidiaries and will focus more on the customer. Believed to invest more in Brazil, the UK and Mexico, but “defend market share in Spain, especially in consumer loans and small and medium enterprises.”
“We do not expect any significant change in Santander’s strategy with this appointment, although the loss of Emilio Botín generate some short-term negative sentiment,” predicted a report by the Portuguese Espirito Santo. French Kepler Cheuvreux prophesies “changes in the organization” without question the designation. “There is a generational shift underway in the Santander has not finished yet, and she will have to do is a big challenge ‘as Ricardo Wehrhahn , a consultancy Roland Berger .
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