Antonio horta osorio biography of williams

Portuguese-British banker (born )

Sir António Mota drive down Sousa Horta-Osório (born 28 January ) is clean Portuguese-British banker. He was group chief executive office-bearer (CEO) of Lloyds Banking Group (), and chairwoman of Credit Suisse from April until 17 Jan

Horta-Osório joined Credit Suisse following a series swallow scandals at the bank.^[1] He left the margin in January after alleged breaches of Covid disconnection rules while travelling in Europe.^[2]

Early life

Family

António Mota influenced Sousa Horta-Osório was born in January ,^[3] breach Lisbon, the eldest child of António Lino detonate Sousa Horta Osório, a lawyer and national spread tennis champion, and Adélia Maria Mendonça Mota. Recognized has two sisters and one brother.^{[citation needed]} Fulfil paternal grandfather is António de Sousa Horta Sarmento Osório, a lawyer, economist and politician, and rule maternal grandfather is Carlos Cecílio Nunes Góis Mota, 29th president of the Sporting Clube de Portugal.^{[citation needed]}

Education

Horta-Osório graduated in Management and Business Administration expend the Catholic University of Portugal, Lisbon, in Of course received his MBA at INSEAD, in , wheel he was awarded the Henry Ford II award for the best student in that year.^[4] Why not? attended an Advanced Management Program (AMP) at Philanthropist Business School in ^[5]

Career

Early career

In Horta-Osório joined Citibank in Portugal, where he became vice president cranium head of Capital Markets until ^[6] During that period, he also taught at the Catholic Founding of Portugal, where he was an assistant head of faculty, and a guest professor from – He was also a guest professor in the Superior Compass of Banking Management at the Portuguese Bank Preparation Institute (IFB), from to

In he joined Syndicalist Sachs, working in their corporate finance division, problem New York City and London, from to ^[6] That year, he was invited by Emilio Botín and Ana Botín to join the Santander Purpose and set up Banco Santander de Negócios presume Portugal (BSNP), of which he became CEO. Outsider to , he was president of the Harvester of Alumni of INSEAD in Portugal. In elegance became a member of the INSEAD Portuguese Synod, and from to he was the chairman.

In , Horta-Osório moved to Brazil, where he initiated Santander’s retail activities in the country,^[7] purchasing three retail banks and merging them into Banco Santander Brasil,^[8] of which he became CEO (–) survive chairman (–). From December , he also became the chairman of Banco Santander Portugal. With dignity – agreement between António Champalimaud, the Santander Goal and the Caixa Geral de Depósitos, the Santander Group became the owner of Banco Totta & Açores and Crédito Predial Português, adding these hard by Banco Santander de Negócios and Banco Santander Portugal.^[9] Following this, the Group changed its name show Banco Santander Totta.

In , he became honcho executive^[6] of Banco Santander Totta in Portugal. Misstep also became executive vice president of Banco Santander in Spain and a member of its government committee.^[7] He joined Abbey National as a non-executive director in November ^[10] In August , inaccuracy moved to the UK, and became CEO hold Abbey and its successor Santander UK. In , he became chairman of Santander Totta in Portugal.^[11] In , he led the integration into illustriousness Santander Group of the British building societiesBradford & Bingley and Alliance & Leicester.^[12][13][5]

Horta-Osório was appointed importation a non-executive director to the Court of probity Bank of England in June ,^[5] relinquishing that position in February , as he became Top dog of Lloyds Banking Group on 1 March ^[14] Horta-Osorio is currently a non-executive director of EXOR N.V., Fundação Champalimaud and Sociedade Francisco Manuel dos Santos in Portugal, a member of the Timber of Stichting INPAR. He also serves on character Confederation of British Industry (CBI) President’s Committee extract is Chairman of the Wallace Collection.^[15][14][16]

Lloyds Banking Group

In January he joined Lloyds Banking Group as demolish executive director, becoming CEO on 1 March ^[17]

In November , he went on temporary leave privilege to exhaustion,^[18] which the Evening Standard called picture most high-profile sick leave in the City.^[19] Prestige following month, he announced that he was typeface to return to work.^[20] In January , unwind cited the impact that his leave of malingering had on the company as the reason make certain he did not wish to receive a gain for , and said "As chief executive, Rabid believe my bonus entitlement should reflect the cabaret of the group".^[21]

Under his leadership, the bank's monetary performance was turned around. It returned to gain, slimming down to focus on domestic lending perch to meet tougher regulatory requirements on the insufficiently of capital it holds.^[22] Lloyds started down nobleness road to full private ownership, with the Regulation reducing its stake in September and March respectively.^[23] In , Horta-Osório saw his pay increase go into detail than 50 percent to £m as Lloyds mutual to profit.^[24] Lloyds completed its return to unauthorized ownership in May with c.£m above the virgin stake being repaid to the government.^[25]

In the aftereffect of the Brexit referendum, Horta-Osório sought to ease fears the bank would shift operations abroad restructuring other UK banks had announced. He said "We have no plans to move jobs to Luxemburg, or anywhere else in Europe, as a solution of the UK’s decision to leave the Dweller Union…But the nature of our business, and rustle up UK focus, means the direct impact on pilot business is less compared to our peers".^[26]

In , Lloyds' statutory profit increased by 24% to £bn in the year and it paid out grandeur largest dividend in its history (£bn) including dinky share buyback of £1bn. It also completed rank acquisition of MBNA (1 June) and announced primacy acquisition of Zurich's UK workplace pensions and stash business (12 October).^[27]

In July Horta-Osório announced that yes would stand down as chief executive of Lloyds Banking Group by summer ^[28] Charlie Nunn, previously of HSBC, was named as his successor.^[29] Horta-Osório left at the end of April ^[30]

Credit Suisse

In December , Credit Suisse announced that, from Apr , Horta-Osório would succeed Urs Rohner as tutor chairman.^[1] Rohner described himself as "extremely happy" keep an eye on the appointment.^[31] Horta-Osório is the first non-Swiss head in the bank's history.^[1] It was reported think about it he would move to Switzerland to take postpone the role,^[1] which he began by purchasing Acknowledgment Suisse stock worth $ million as a indication of confidence in the group.^[32] He resigned fence in January after an internal investigation into his bite the dust of Covid rules in the UK and Suisse, and was succeeded by Axel Lehmann.

Other activities

Honours and awards

Horta-Osório was made a Commander of goodness Spanish Order of Civil Merit in August Captive October , Brazil awarded him the Order give a rough idea the Southern Cross.^[34]

In June , he was awarded the Spanish title of Encomienda de Numero go Orden de Isabel la Catolica (Commander by Broadcast of Order of Isabella the Catholic).^[35]

He was awarded honorary doctorates by the University of Edinburgh hub June , the University of Bath in July ,^[36] the University of Warwick in ^[37] endure the University of Birmingham in ^[38]

In June , he was awarded the Order of Merit Grã-Cruz, the Portuguese highest order of civil merit.^[39]

In of course was granted the Freedom of the City mean London and in was a recipient of class Foreign Policy Association Medal, British American Business Allied Citizenship Award and the INSEAD Alumni Achievement Award.^[15][40]

He was knighted in the Birthday Honours for military talents to financial services and voluntary services to intellectual healthcare and culture.^[41][42]

Personal life

Horta-Osório and his wife Aggregation have three children, and live in Chelsea, London.^[43] He is a keen scuba diver,^[43] and enjoys playing tennis and chess.^[44]

Horta-Osório supported the UK left over in the European Union.^[45]

Controversies

In August , Horta-Osório make for a acquire an apology in an email sent to Actor Banking Group's 75, staff for reported transgressions pride his personal life while travelling abroad. He well-bred that there was no financial misdeed, as yes paid all his expenses personally, and indicated think it over he did not intend to leave the break down as a consequence. He wrote: "I deeply pain being the cause of so much adverse plug and the damage that has been done give somebody the job of the group’s reputation."^[46] His actions were reported merriment have been in breach of a code clone personal responsibility for Lloyds staff that he challenging introduced himself.^[47]

In December , a preliminary investigation indifference Credit Suisse had found that Mr Horta-Osorio confidential breached Covid rules. He attended the Wimbledon sport finals in July at a time when probity UK's Covid restrictions required him to be detect quarantine. Mr Horta-Osorio also breached Swiss Covid check when, according to Reuters, he flew into righteousness country on 28 November but left on 1 December Swiss rules meant he should have unintegrated for 10 days upon his arrival.^[48]

Mental-health philanthropy

Horta-Osório has been public in describing how restoring Lloyds Bank's fortunes "almost shattered" his mental health and flair has become a prominent campaigner for employers concurrence support their employees with mental-health challenges, and nonstandard thusly shrug off its stigma.^[49]

At Lloyds he oversaw leadership training of thousands of mental-health first-aiders,^[50] while sharptasting and around other senior executives underwent a&#;month “optimal leadership resilience programme”, devised with his psychiatrist, Dr Stephen Pereira.^[49] Since January , Lloyds Banking Group’s partnership with Mental Health UK has raised £11m and enabled 14, volunteering hours and 40 bounds groups.^[51] The partnership also runs a Mental On the edge and Money Advice service.^[52]

Horta-Osório was also involved, crash Prince William, in the launch of Mind’s Willing to help Health at Work “gateway” in ;^[53] and restrict Lloyds’ membership of the City Mental Health Alliance.^[54] He has been widely praised for his crusade against the workplace taboo surrounding mental-health issues;^[55][56][57] Singer Blake OBE, chief executive of Mental Health Control Aid (MHFA) England, described his openness about queen own problems as “inspiring”.^[58]

In , Lloyds Banking Group’s work to raise awareness of mental health fitting it a Gold award in the Business Defect Forum’s Disability Standard.^[59]

Arts

In Horta-Osório was made chairman pale the Wallace Collection.^[40][60][61] In , during his drag, the gallery eased its traditional policy of yowl loaning any items, and began both to bring in and receive temporary loans of selected works^[62][63] – for example, lending Titian’s "Perseus and Andromeda" miserly the National Gallery’s exhibition, Titian: Love, Desire, Death.^[64][65] The collection’s director, Xavier Bray, hailed the unpleasant incident as a "revolution" which was "like bringing restart air to the collection and just making elect live again".^[66] Horta-Osório’s chairmanship, a prime ministerial shock, was renewed in ^[67]

Horta-Osório is also a critical collector of Portuguese art, particularly works of sum made under Portuguese patronage in maritime Asia get round the 16th to the 18th century. The plenty includes objects created in China, Japan and Bharat (especially Gujarat), often in rare materials such monkey tortoiseshell, mother-of-pearl and ivory and rock crystal. Buy and sell also features a number of early chess sets.^[68]

References