Ana Botin Executive Chair Santander: Future of banking, inflation and women in finance
Sep 27, 2023
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Ana Botin, executive chair of Santander, shares insights on the future of banking, importance of ethical practices, challenges faced by women in finance, and the significance of open communication. Also discusses the impact of growing up in a banking family, exploring books, and advice for young ambitious individuals.
Santander focuses on simplicity, personalization, and fairness to create positive societal impact and ensure long-term sustainability.
Traditional banks have a relevant role to play by understanding and meeting customers' evolving expectations.
Deep dives
Anna Butin's career aspirations and family influence
Anna Butin initially had aspirations to become a pro golfer and later considered pursuing a career in journalism or espionage. However, she ultimately joined JP Morgan and later Santander. While her father did not pressure her to become a banker, growing up in a banking family played a role in her overall interest and understanding of the industry.
Santander's approach to business and societal impact
Anna Butin emphasizes the importance of delivering profits while also ensuring the right way of doing business. Santander's focus is on simplicity, personalization, and fairness, aiming to benefit shareholders, society, and the planet. They believe that this approach not only creates positive societal impact but also ensures the long-term sustainability of the business.
Challenges in the European banking industry and the role of banks
Anna Butin discusses the challenges faced by the European banking industry, including lack of growth, lack of integration, and disruption from new business models. She emphasizes the importance of banks adapting to customer needs and evolving their products and services. While new players may be emerging, traditional banks still have a relevant role to play, but it requires understanding and meeting customers' evolving expectations.
Ana is one of the most powerful people in global finance. She runs one of the world’s largest banks with over 160 million customers and over 200 000 employees. Ana shares unique insight into the future of banking, how to create a global culture and answer the question of do we still need the banks?
The production team on this episode were PLAN-B’s Nikolai Ovenberg and Niklas Figenschau Johansen. Background research was done by Sigurd Brekke and portfolio manager Pablo De Castro