Emilio Botín | |
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Emilio Botín in 2010
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Born |
Emilio Botín-Sanz de Sautuola y García de los Ríos 1 October 1934 Santander, Spain |
Died | 10 September 2014 Madrid, Spain |
(aged 79)
Nationality | Spanish |
Alma mater | University of Deusto |
Occupation | Banker |
Employer | Santander |
Known for | Executive chairman of Grupo Santander |
Net worth | €1.1 billion |
Spouse(s) | Paloma O'Shea |
Children |
Ana Patricia Botín O'Shea Carmen Botín O'Shea Carolina Botín O'Shea Paloma Botín O'Shea Javier Botín O'Shea Emilio Botín O'Shea |
Parent(s) |
Emilio Botín-Sanz de Sautuola López Ana García de los Ríos y Caller |
Relatives | Jaime Botín (brother) |
Emilio Botín-Sanz de Sautuola y García de los Ríos (1 October 1934 – 10 September 2014) was a Spanish banker. He was the executive chairman of Spain's Grupo Santander. In 1993 his bank absorbed Banco Español de Crédito (Banesto), and in 1999 it merged with Banco Central Hispano creating Banco Santander Central Hispano (BSCH), which became Spain's largest bank, of which he was co-president with Central Hispano's José María Amusategui, until Amusategui retired in 2002. In 2004, BSCH acquired the British bank Abbey National, making BSCH the second largest bank in Europe by market capitalisation. He was known for his obsession with growth and performance as well as regularly visiting branches.
Botín was born in Santander, Cantabria, on the northern coast of Spain, the eldest of two sons of Emilio Botín y Sanz de Sautuola, born on 18 January 1903, and Ana María García de los Ríos y Caller. After attending as a boarding student the Jesuit school of Colegio de la Inmaculada, in Gijón, he studied Law and Economics at the University of Deusto in Bilbao.
In 1986 Botín, then aged 52, took over from his father as president of the Banco de Santander, one of many banks that existed in Spain at the time. Botín was no newcomer to the banking world. His father, grandfather and great-grandfather were all bankers.
In 2005 Forbes put Emilio Botín's net worth at $1.7 billion. Botín's eldest daughter, Ana Patricia Botín, was the President of Banesto from 2002 to November 2010 and was the CEO of Santander UK from December 2010 until Emilio's death upon which she was elected his successor as President of Grupo Santander.