His father ran a small leasing company and his mother worked for the United Nations. He is an outspoken supporter of increased banking regulation, corporate social responsibility, and enhanced market supervision.Īndrea Orcel was born on in Rome, Italy.
Orcel has also been routinely criticized for his abrasive management style, overworking subordinates, and being hyper-competitive. He has been called one of the most successful investment bankers of his generation. Orcel is a controversial figure in European business and international banking. From 2012 to 2018, Orcel endured the 2013 Libor trading scandal, led a corporate restructuring, downsized the bank, and increased up M&A activity. He left Merrill Lynch in 2012 to join Swiss investment bank UBS at the behest of its CEO, Sergio Ermotti. where he spent the succeeding twenty years in their mergers and acquisitions (M&A) department in London. In 1992, he was hired by Merrill Lynch & Co. He attended the INSEAD business school in Paris before working at Goldman Sachs and Boston Consulting Group during the late 1980s. 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.īorn in Rome, Italy, Orcel attended the University of Rome, Sapienza, graduating with degrees in economics and commerce. He was slated to succeed José Antonio Alvarez as chief executive of Banco Santander from September 2018 to January 2019.
He previously served as the president of UBS Investment Bank from November 2014 to September 2018.
Andrea Orcel ( Italian: born May 14, 1963) is Group CEO of UniCredit.
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