Orcel claims 100 mln euros from Santander in CEO job dispute - source

Orcel claims 100 mln euros from Santander in CEO job dispute - source
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  • Spain

Andrea Orcel has made a 100 million euro ($113 million) claim against Santander after the Spanish bank withdrew an offer for him to be its chief executive, a source close to the matter said on Wednesday.

The offer was dropped as Santander said it would not meet the Italian banker's pay expectations, in an unusual u-turn for such a high-level banking appointment.

Santander declined to comment, while former UBS banker Orcel and his legal adviser in Madrid Decarlos Remon could not be reached for comment. ($1 = 0.8872 euros)

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