Who said that reputation was everything in banking? António Horta-Osório is disproving that maxim by resurfacing as a senior adviser to Italy’s Mediobanca , just six months after leaving as Credit Suisse chair having breached Covid-19 quarantine rules . Mediobanca boss Alberto Nagel wants him to open doors to European boardrooms with a view to getting the 7 billion euro lender a role on more deals. The group acted as an adviser on 5.4% of mergers and acquisitions with any European involvement last year – a slight decline from 2020, according to Refinitiv data. As the former boss of Britain’s Lloyds Banking Group and Banco Santander’s UK unit, Horta-Osório should be helpful with prospective financial institutions clients.
. Mediobanca boss Alberto Nagel wants him to open doors to European boardrooms with a view to getting the 7 billion euro lender a role on more deals. The group acted as an adviser on 5.4% of mergers and acquisitions with any European involvement last year – a slight decline from 2020, according to Refinitiv data.
As the former boss of Britain’s Lloyds Banking Group and Banco Santander’sIt’s also a good way for the Portuguese executive to keep busy until something bigger comes along. The tennis lover is building a portfolio of roles, according to a person familiar with his activities. A lack of proven executive talent in European banking may boost his chances of getting a top job again. At least Mediobanca has shown that he’s not untouchable.
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