Andrea Orcel

Quick Facts

Full Name	Andrea Orcel
Occupation	Banker
Date Of Birth	May 14, 1963(1963-05-14)
Age	61
Birthplace	Italy
Country	Italy
Horoscope	Taurus

Andrea Orcel Biography

Andrea Orcel is one of the most popular and richest Banker who was born on May 14, 1963 in Italy, Italy.

Andrea Orcel (Italian: [anˈdrɛːa orˈtʃɛl] ; born May 14, 1963) is an Italian investment banker who most recently served as the president of UBS Investment Bank from November 2014 to September 2018. He was slated to succeed José Antonio Alvarez as chief executive of Spanish bank Banco Santander from September 2018 to January 2019. Since early 2020, Orcel has been linked to taking over as CEO at a variety of financial institutions including starting his own boutique investment bank.

Born in Rome, Italy, Orcel attended the University of Rome, Sapienza, graduating with degrees in economics and commerce. He attended the INSEAD business school in Paris before working at Goldman Sachs and Boston Consulting Group during the late 1980s. In 1992, he was hired by Merrill Lynch & Co. where he spent the succeeding twenty years in their mergers and acquisitions (M&A) department in London. He left Merrill Lynch in 2012 to join Swiss investment bank UBS at the behest of its CEO, Sergio Ermotti. From 2012 to 2018, Orcel endured the 2013 Libor trading scandal, led a major corporate restructuring, aggressively downsized the bank, and ramped up M&A activity.

Andrea Orcel Net Worth

Andrea Orcel is one of the richest Banker from Italy. According to our analysis, Wikipedia, Forbes & Business Insider, Andrea Orcel 's net worth $5 Million. (Last Update: December 11, 2023)

Andrea Orcel was born on May 14, 1963 in Rome, Italy. His father ran a small leasing company and his mother worked for the United Nations. Orcel attended the Lycée français Chateaubriand in Rome for secondary school, at his mother’s request, so he could learn French in addition to his native Italian. Orcel attended the University of Rome, Sapienza, majoring in economics and commerce. While a university student Orcel reportedly skipped class, as attendance was optional, and went backpacking in South America before returning to take his final exams. He has stated that a vacation to the United States when he was 18 sparked in him a “passion for banking”. He graduated summa cum laude with an undergraduate thesis was on hostile takeovers. He went on to attend the INSEAD business school in Fontainebleau, France.

Height, Weight & Body Measurements

Andrea Orcel height Not available right now. Andreas weight Not Known & body measurements will update soon.

Who is Andrea Orcel Dating?

According to our records, Andrea Orcel married to Clara Batalim-Orcel. As of December 1, 2023, Andrea Orcel’s is not dating anyone.

Relationships Record : We have no records of past relationships for Andrea Orcel. You may help us to build the dating records for Andrea Orcel!

Following the 2011 UBS rogue trader scandal and a corporate restructuring, Orcel was invited to the group executive board and appointed the co-CEO of the investment banking unit of UBS. In November 2012, he was asked to serve as the CEO of UBS AG–the main private banking unit of UBS Group AG before taking sole control of the investment bank. Upon his acceptance of the position, UBS paid Orcel Sfr6.3 million in cash and awarded him Sfr18.5 million in stock options, for a total sign-on bonus of Sfr25 million (£17 million, $26.2 million, or €23 million). In January 2013, following the Libor scandal, Orcel was called before the British Parliament’s banking standards commission to explain the company’s role in the scandal. Present for nearly three hours of testimony, he expressed regret for the firm’s role and stated to commissioner Andrew Tyrie: “we all got probably too arrogant, too self-convinced that things were correct the way they were. I think the industry needs to change.” Later that year he was compensated $26 million, in line with a 7% clawback of the company’s bonus pool. Although he was hired in a primarily managerial role, he continued to advise some of the firm’s higher profile clients and institutional partners. In March 2013, Orcel rejoined his brother Riccardo to negotiate an investment into VTB from a Qatari sovereign wealth fund. From early 2013 to late 2014 Orcel initiated a corporate restructuring of the investment bank, to “[stop] trying to be the biggest investment bank and [focus] on being the best”. With a focus on return-on-investment (ROI), deleveraging, and cost reduction, Orcel increased majority capital positions while diminishing the size of the bank. In May 2015, he was the highest earning executive at UBS Group AG, grossing $8 million in base salary. In June 2016, Orcel offered MPS–a client of his at Merrill Lynch during the financial crisis–$5.6 billon (€5 billion) in debt and equity when it was facing liquidity issues and was reaching out to a handful of banks. Orcel made this offer to counter a bailout by the Italian government but was jointly rejected by the Italian prime minister Matteo Renzi and MPS. In February 2016, he orchestrated the merger of Vodafone’s and Liberty Global’s operations in the Netherlands to create a joint venture in a deal worth $1.1 billon (€1 billion).

Facts & Trivia

Andreas Ranked on the list of most popular Banker. Also ranked in the elit list of famous people born in Italy. Andrea Orcel celebrates birthday on May 14 of every year.

Orcel frequently uses the Italian auto-manufacturer Ferrari to describe his affection for “focused” and “lean” execution of strategies as opposed to bigger, less versatile banks, i.e. as opposed to a Fiat automobile. He similarly uses European football to describe such strategies, referring to UBS as the “Croatia of investment banking” following the 2018 FIFA World Cup final. In June 2016, Orcel led an initiative where UBS bankers were granted two hours of “personal time” every week in order to boost work-life balances. On March 31, 2017, Orcel expressed his affection for shared parental leave and voiced his support for the growing movement in Europe to let fathers and mothers take extended time off of work to be with newly born and young children. In April 2018 Orcel issued an internal memo to UBS managing directors requiring that they hold 250 to 300 client meetings a year. This memo reportedly initiated a mass exodus of senior investment bank leadership in late 2017, as the latest in a series of “frequently changing strategies”. Shortly after announcing the new directive, Orcel initiated a client meeting monitoring system that culminated in further departures. Employees of the bank who missed meeting targets received e-mail rebukes from Orcel and other executives. An unnamed senior executive at the investment bank stated: “[Andrea Orcel] is the best banker I’ve ever worked with and the worst manager I’ve ever seen” after the directive hit international presses.