Andrea Orcel

Andrea Orcel
Born (1963-05-14) May 14, 1963 (age 61)
Rome, Italy
Alma materUniversity of Rome
INSEAD
OccupationInvestment banker
Years active1988–present
Spouse
Clara Batalim-Orcel
​
(m. 2009)​
Children1

Andrea Orcel (Italian: [anˈdrɛːa orˈtʃɛl];[1] born May 14, 1963) is an Italian investment banker who is CEO of UniCredit.[2] He was the president of UBS Investment Bank from November 2014 to September 2018.[2] He was poised to take on the role of Chief Executive of Banco Santander from September 2018 to January 2019; however, the job offer was withdrawn which resulted in him taking legal action against Santander.[3] In December 2021, a judge awarded him €68m in compensation, including €10m for moral damages.[3] Orcel started his own boutique investment bank before taking the role at UniCredit.[4]

Orcel is a controversial figure in European business and international banking. He has been called one of the most successful investment bankers of his generation.[5][6][7] Orcel has also been routinely criticized for his abrasive management style, overworking subordinates, and being hyper-competitive.[8][9]

  1. ^ Lacqua, Francine (August 1, 2018). "UBS's Andrea Orcel Says Eradicating Misconduct Is a Top Priority". Bloomberg.com (in Italian). Retrieved October 8, 2018. Pronounced by Francine Lacqua as Ann-dray-uh Or-ch-el.
  2. ^ a b "Andrea Orcel - Group Chief Executive Officer of UniCredit". UnicreditGroup.eu. Retrieved 2021-09-13.
  3. ^ a b Aguado, Jesús; Pinedo, Emma (2021-12-10). "Santander ordered to pay Orcel $76 mln after losing court battle". Reuters. Retrieved 2022-02-08.
  4. ^ Aguado, Jesús; Pinedo, Emma (2021-12-10). "Santander ordered to pay Orcel $76 mln after losing court battle". Reuters. Retrieved 2022-02-09.
  5. ^ Wighton, David (October 29, 2018). "Andrea Orcel's exit raises new risks and questions for UBS". Financial News London. Retrieved October 30, 2018. One of the most successful investment bankers of his generation, Orcel continued to generate huge fees while running the show at UBS.
  6. ^ Enrich, David; Flitter, Emily (January 15, 2019). "Expecting a Huge Payout, Investment Banker Loses His New Job Instead". The New York Times. ISSN 0362-4331. Retrieved January 15, 2019.
  7. ^ Scott, Mark (January 9, 2013). "UBS Executives Questioned by Parliament Over Rate-Rigging Case". DealBook. Retrieved September 26, 2018...the "Ronaldo of investment banking" — a reference to the Portuguese soccer star Cristiano Ronaldo...{{cite news}}: CS1 maint: postscript (link)
  8. ^ Cite error: The named reference :7 was invoked but never defined (see the help page).
  9. ^ Cite error: The named reference :34 was invoked but never defined (see the help page).