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Search resuls for: "António Simões"


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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLots of pent up demand for people to invest in the UK, says CEO of Legal & GeneralAntónio Simões, the CEO Legal & General, discusses the U.K. as an investment destination and the country's economy.
Persons: António Simões Organizations: Legal, General
MADRID, June 15 (Reuters) - Spain's Santander (SAN.MC) on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain's Legal and General Group (LGEN.L). As regional chief, Castro will be responsible for the bank's businesses in Europe, including its units in Spain, Britain, Poland and Portugal. The appointment will take effect on September 1, subject to customary approvals, with Simoes continuing in his current position until then, the lender said. Castro will lead the transformation in the region and report to the group's CEO, Hector Grisi, while maintaining his current position as CEO of Santander Portugal. Reporting by Jesús Aguado; editing by Inti LandauroOur Standards: The Thomson Reuters Trust Principles.
Persons: Pedro Castro e Almeida, Antonio Simoes, Castro, Simoes, Hector Grisi, Jesús, Inti Organizations: Spain's Santander, General Group, Santander, Inti Landauro, Thomson Locations: MADRID, Europe, Spain, Britain, Poland, Portugal, Santander Portugal
New L&G CEO has ways to tackle Brexit discount
  + stars: | 2023-06-15 | by ( ) www.reuters.com   time to read: +2 min
LONDON, June 15 (Reuters Breakingviews) - Britain’s Legal & General (LGEN.L) is betting on an outsider to offset a valuation discount against non-UK rivals. The $17 billion insurer has picked Banco Santander’s (SAN.MC) regional head of Europe António Simões as its new CEO. The unit’s non-UK assets accounted for 43% of new money last year. The arrival of the Portuguese-born banker will cost L&G 1.175 million pounds in annual basic salary, 9% more than Wilson’s base pay. That adds pressure for Simões to tackle L&G’s Brexit valuation gap.
Persons: Nigel Wilson –, , Simões, Assicurazioni, Wilson, Pamela Barbaglia, Lisa Jucca, Oliver Taslic Organizations: Reuters, Banco Santander’s, Allianz, HSBC, HK, G Capital, Twitter, Bank, Thomson Locations: Europe, Zurich, London, Hong Kong, United States, Portuguese, India
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