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Former President and Founder of Bankinter, Jaime BotinDied this Thursday in Santander at the age of 88, surrounded by his family, the entity reported.
Botín becomes General Manager Bank International Chief Executive Officer since 1965, Chief Executive Officer from 1977 to 1986 Entity Chairman In addition to being the largest shareholder between 1986 and 2002 through the holding company Cartival.
Son Emilio Botincomes from a long line of bankers. His brother, named after his father, is also president of the company. Santander BankJaime started his financial career with this entity in 1957. However, his name has been associated with Bankinter since its inception, approximately 60 years ago.
The entity he chaired was established in June 1965 as a Santander Bank and Bank of America, which went public in 1972. Madrid Stock Exchangebecoming a commercial bank completely independent of its founder at the time.
This historic banker is also the founder of the insurance company Linea Directa. In addition, it has been a driving force behind the appeal Disruptive Technologytrying to subvert industries and markets with new industries and business models.
A Picasso painting and an incurable disease
Botin was found guilty of smuggling cultural property for attempting to smuggle a painting Pablo Picasso: Head of a young womanIt dates back to 1906. He purchased the work in 1977 and approached Christie’s to sell it at auction in London. Although they told him he had to request authorization Ministry of Culture For exports, no.
For this, the banker was sentenced to three years in prison and a fine of 91.7 million euros in January 2020. However, the 28th Criminal Court of Madrid suspended the sentence because he suffers from the following diseases: Serious incurable disease.
The body of Jaime Botín will be transferred to the capelocated in Santander, is currently headquartered Botin Foundationwhere he will be masked. The funeral will be held the next day in private among those close to him.
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