Ángel Corcóstegui

Bio

Prior to founding Magnum in 2006, Mr Corcóstegui served, from 1994 to 2002, as the global CEO and First Vice-Chairman of Banco Santander Central Hispano (BSCH/BCH), the leading bank in Spain that currently ranks among the top-ten banking institutions in the world. Mr Corcóstegui completed one of the largest and most technically complex merger 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 period 1995-1998, 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, Mr Corcóstegui 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, Mr Corcóstegui led the bank's Investment Banking Division and participated actively in the management of its Industrial Portfolio. Mr Corcóstegui is currently Chairman of Eptisa Group and Member of the Board of The Wharton Business School, The Lauder Institute and he also served as an Industrial Advisor to Carlyle Private Equity from 2002 to 2006. PhD in Finance and an MBA from the Wharton Business School (Fulbright Scholar), and a Master of Science degree in Civil Engineering from Santander University.