Santander Hires UBS’s Orcel as Chief Executive Officer

The video discusses the career background of a key individual transitioning to Santander, highlighting his extensive experience in investment banking and credit card business. It explores Santander's ambitions across various business lines and internal changes. The focus then shifts to UBS, emphasizing its current strategy on wealth management over investment banking. Finally, potential strategies for Santander are discussed, including leveraging expertise in wealth asset management and exploring new acquisitions.

What is the primary reason for the surprise in the appointment of the new leader at Santander?

• His lack of experience in banking

• His extensive experience across various sectors

• His previous role in a competing bank

• His focus on technology

What has been UBS's main focus in recent years?

• Expanding its retail banking

• Building out its wealth management business

• Increasing its investment banking activities

• Developing new credit card products

How long has the new leader been with UBS?

• Since 2010

• Since 1995

• Since 2012

• Since 2000

What is one area of expertise the new leader is expected to bring to Santander?

• Human resources

• Retail banking

• Wealth asset management

• Technology innovation

What might be a strategic focus for Santander under the new leadership?

• Shifting to a technology company

• Reducing global presence

• Focusing solely on LATAM markets

• Exploring new acquisitions