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Ángel
Corcóstegui

Partner

Prior to founding Magnum in 2006, Ángel Corcóstegui served, from 1994 to 2002, as the global CEO and First Vice-Chairman of Banco Santander Central Hispano (BSCH/BCH), currently Banco Santander, the leading bank in Spain and one of the top banking institutions in the world. Ángel completed one of the largest and most technically complex mergers ever undertaken in the European market in a record time, with the full integration substantially completed in 18 months. The Banking Group operated in 42 countries, with more than 100,000 employees and assets of more than €200 billion.

As CEO and First Vice-Chairman of Banco Central Hispano, BCH, (1994-1999), he led one of the most successful turnarounds that has taken place in the European Banking Market. In the 1995-1998 period, the net income of BCH multiplied by 5.3 times and the market capitalization of BCH multiplied by almost 5 times.

From 1988 to 1994, Ángel served as General Manager and Board Member of Banco Bilbao Vizcaya (BBV), at the time the largest bank in Spain. Previously, he was General Manager of Banco Vizcaya. During his tenure at BBV/BV, Ángel led the bank's Investment Banking Division and participated actively in the management of its Industrial Portfolio.

Ángel is currently Chairman of ITASA and INBIDA. He is also Board Member of The Lauder Institute, The Wharton Business School.

Ángel holds a Ph.D. in Finance and an MBA from the Wharton Business School (Fulbright Scholar), and a Master of Science degree in Civil Engineering from Santander University.

 

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