Prior to founding Magnum in 2006, Ángel Corcóstegui served as CEO and first vice president of Banco Santander Central Hispano (BSCH / BCH), currently Banco Santander, the leading bank in Spain and one of the first banking institutions worldwide. Ángel completed one of the largest and most technically complex mergers ever undertaken in the European market in record time, with full integration completed in 18 months. The banking group operated in 42 countries, with more than 100,000 employees and assets of more than 200,000 million euros.

As CEO and first vice president of the Banco Central Hispano (1994-1999), he led one of the success improvements that have taken place in the European banking market. In the period 1995-1998, the utility of the BCH was multiplied by 5.3 times.

From 1998 to 1994, Ángel was general director and advisor of the Banco Bilbao Vizcaya (BBV), then the largest bank in Spain. During his tenure, he led the Bank’s Investment Banking Division and participated in the management of its industrial portfolio.

Currently, Ángel is president of Eptisa, Iberchem and Orliman and a member of the Board of Generis, Geriatros and Nace. He is also a member of the Board of Directors of the Lauder Institute, The Wharton Business School and was an industrial advisor to Carlyle Private Equity from 2002 to 2006.

Angel has a Ph.D in Finance and an MBA from the Whaton Business School (Fullbright Scholar) and a Master of Science in Civil Engineering from the University of Santander.