OBITUARY-Emilio Botin: the conquistador of Spanish banking

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OBITUARY-Emilio Botin: the conquistador of Spanish banking

Post  Sirop14 on Wed Sep 10, 2014 2:57 pm

(Reuters) - Emilio Botin, patriarch of one of Europe's top corporate dynasties who died on Tuesday at 79, was credited with turning a local Spanish lender into one of the world's biggest banks and helping to drive Spain's remarkable economic growth of the 1990s.

Renowned for his deal-making prowess, Botin - or Don Emilio as he was known at Santander, the euro zone's largest bank - had quite a pedigree. He followed in the footsteps of both his father and grandfather as chairman of the bank. His daughter Ana Patricia Botin, the eldest of six children, is tipped to succeed him.

With Botin at the helm for 28 years, Santander snapped up banks across Latin America in the 1990s, leading a broader corporate Conquista by Spanish companies on the continent it had colonised centuries earlier. Santander swooped on British lender Abbey National in 2004, a 9 billion euro takeover that would catapult Spain to the centre of the global banking system.

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Spain mourns death of banker who transformed Santander into a world player
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Spanish banking magnate Botin dies
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Santander chairman Emilio Botin dies aged 79
Longest running chairman of major bank has died, Santander expected to appoint daughter Ana as successor on Wednesday
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