Andrea Orcel (Italian: [an'dr??a or't??l]; born May 14, 1963) is an Italian investment banker.
Orcel served as the president of UBS Investment Bank from June 2012 to September 2018.Born in Rome, Italy, Orcel attended the University of Rome, Sapienza, graduating summa cum laude with degrees in economics and commerce.
He attended the INSEAD business school in France after working at Goldman Sachs and before joining Boston Consulting Group during the late 1980s.
In 1992, he was hired by Merrill Lynch where he spent the succeeding twenty years in their Financial Institutions Group and moved up through the ranks to become Executive Chairman of the Investment Bank.
He left Merrill Lynch in 2012 to join Swiss bank UBS.
From 2012 to 2018 Orcel led a major corporate restructuring, focusing on capital-lite strategy, and reduced the investment bank's wage bills by $3 billion through aggressive downsizing, making the UBS investment bank one of the most profitable on Wall Street.Throughout the late 2010s, it was thought that Orcel would either succeed Ermotti as chief executive of UBS, or go on to lead either Monte dei Paschi (MPS), Cassa Depositi e Prestiti, or UniCredit.
In September 2018 it was reported that Orcel has been tapped by Ana BotÃn to lead Banco Santander as its chief executive, but this move did not take place.
Orcel has been dubbed the "Ronaldo of Investment Banking" by the international press and has been hailed as one of the "most successful investment bankers of his generation".