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Grupo Santander

Peninsula performance: Family businesses in Spain

August 29, 2018

Family businesses in Spain played a vital role in helping to limit the sharp rise in unemployment during the country’s prolonged slump, and are now seeing their fortunes improve as the economy continues to recover

Spain was among the Eurozone countries hit hardest by the economic crisis in 2008, its GDP shrinking by 10% over five years. At the same time, the lines of those searching for work lengthened dramatically and when the country was at its lowest ebb, the unemployment rate was well above 25%.

Kinnevik maintains growing trend of female leadership in family business

May 18, 2018

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman. It has had female leaders for 11 of the past 13 years.

Family-controlled Swedish investment house Kinnevik is set to appoint Dame Amelia Fawcett as its new chairman at its AGM on 21 May.

The proposed election underlines the digital innovator’s tradition of female leadership that has seen female chairs helming it for 11 out of the past 13 years.

Fawcett, a former Morgan Stanley executive who chaired the Guardian Media Group for seven years, has been deputy chairman since 2013.

Santander considers acquiring remnants of Portugal’s fallen Espirito Santo empire

November 4, 2014

Spanish family-owned banking group Santander has expressed an interest in acquiring Novo Banco, the Portuguese lender introduced to rescue assets from the failed Espirito Santo banking dynasty.

Spanish family-owned banking group Santander has expressed an interest in acquiring Novo Banco, the Portuguese lender introduced to rescue assets from the failed Espirito Santo banking dynasty.

According to Bloomberg, Santander’s chief executive Javier Marin told local reporters that the family firm would consider acquiring Novo Banco once a forthcoming audit gave a clearer picture of its current standing.

Ana Botin becomes most powerful women in European banking after death of father

September 11, 2014

Fourth generation Ana Botin has become the most powerful woman in European banking, following her unanimous appointment to the head of Banco Santander.

Fourth generation Ana Botin has become the most powerful woman in European banking, following her unanimous appointment to the head of Banco Santander.

The decision by the board of directors came less than 24 hours after the death of her father Emilio Botin, 79, who suffered a heart attack on Tuesday evening.

Santander chairman Emilio Botin dies of heart attack, aged 79

September 10, 2014

Third-gen chairman of Santander Emilio Botin has died of a heart attack on Tuesday, at the age of 79 – with the board set to decide on a successor to the iconic Spanish businessman as early as this afternoon.

Botin is credited with turning the domestic bank into the eurozone’s largest lender – something that would shield the family business from Spain’s future economic woes.

He was still actively involved in the family business right up to his death, reportedly even scrutinizing individual loans made through the lender.