Ana Patricia Botín, the 38-year-old daughter and widely acclaimed heir apparent to Banco Santander’s chairman Emilio Botín, came down with a bump a month after the announcement of the mega-merger between the family-run bank and Banco Central Hispano (BCH).
BSCH, as the merged bank will call itself, dropped a bombshell with its first press release stating that Ana Patricia had “relinquished all executive responsibilities within the group”, while retaining a seat on the bank’s new board.
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