Showing posts with label banker. Show all posts
Showing posts with label banker. Show all posts

Antonio Horta-Osorio profile: the banker who swims with sharks and had a good recession

Mr. Horta-Os?rio, who is married and has three children, began his career at the Citibank Portugal where he was responsible for the capital markets.

46 Years old, a veteran of 850 scuba dives - 100 of them "shark dives" Santander UK Executive Director since 2006.


In the last few years he has swallowed Alliance & Leicester for £ 1. 26bn, Bradford & Bingley £ 21bn savings book and 197 branches to 612 million from £ 318 branches of the Royal Bank of Scotland, adding them to the Abbey, the British Bank belonging to Santander.


Mr. Horta-Osório, who is married and has three children, began his career at the Citibank Portugal where he was responsible for the capital markets.


He then worked for Goldman Sachs in New York and London before joining Grupo Santander as Chief Executive of the Banco Santander de Negocios Portugal in 1993.


Bankers as public enemy number one in the wake of the financial crisis, he says: "I would say bankers are being impliquées.Je would say that it has as an industry work hard to improve its credibility."


However, there is no Jonas and does not believe that the UK financial sector is dying.


"The financial sector is an advantage competitive key of the British economy, this should be encouraged and nurtured by the authorities", he said in an interview last year.


"I think the United Kingdom has all conditions to become even stronger from this crisis on a relative basis and will continue to be an advantage competitive key fleet economy does not mean errors do not have to be corrected."


In June 2009 he was appointed non-Executive Director of the Court of the Bank of England.


Mr. Horta-Osório, who is also Executive Vice President of the Santander group and member of its Management Committee, has a degree in management and trade at the Portuguese Catholic University, an MBA from INSEAD and completed a program advanced management of the Harvard Business School.


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CITI banker was "angry" with Guy Hands, Court hears

Mr. Wormsley said in Manhattan Court that in May 2007 Mr. hands was implicit in a conversation with Simon Borrows, who headed the sale of EMI, that Mr. Wormsley finds an offer of 240 p share is acceptable to the Board of the EMI. "I was furious," the banker Citi said jurors, adding that he had received a voicemail from the hands of Mr. excuse but has since been removed.

CITI and Mr. Wormsley are charged by Mr. hands, the founder of capital company Terra Firma, trick him into insufficient for EMI claiming there is another bidder.Mr. mains alleges that in three telephone calls on weekends before the final bids were due Monday, May 21, Mr. Wormsley told him that Cerberus, a rival company, went to bid, 262 p a part.Citi denies the allegations.

Mr. Wormsley also told jurors that his bonus had nothing to do with fees that Citi realized when he lent money to Terra Firma buy EMI. "Rapid response was that I received no benefit in my bonus funding," he said.

Advocates of Terra Firma told the Court that in early 2007 Citi was furious, that it is not assigned a role by EMI in the securitization of its Music Edition entreprise.Ils feared also that another bank was appointed Chief EMI on its sale by John Gildersleeve, Councillor new President of the label of music. ""We [Citi] want to be pushed, obviously not", said Mr. Wormsley.

CITI was paid for advice Wormsley M. Advisor of the EMI, as well as the. 6bn £ 2 that he lent to Terra Firma to help buy the music group.


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