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  • Title
    Executive Chairman
  • Affiliation
    Banco Santander
  • Country
    Spain
  • 2020 Rank
    3

After presiding over the first annual loss in Banco Santander’s 164-year history last year, Ana Botín is leading her company back to growth mode. The Spanish bank swung to a profit of 3.68 billion euros ($4.3 billion) in the first half of 2021, as its U.S. and European consumer businesses recovered from the pandemic’s economic downturn, and Botín says Santander is on track to exceed its profitability target for the year. She’s also expanding the company’s lines of business beyond its retail-banking bread and butter: In the past year, Santander has purchased a U.S. fixed-income broker; and is scaling up its investment banking and payments operations. The bank has also increased its commitments to renewable energy and climate-friendlier financing over the past year: In February, Santander said it would stop financing energy clients with more than 10% of their revenues from coal by 2030 and would achieve net-zero carbon emissions across its clients by 2050.

 

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