Public Figure Profiles

Mario Conde

Mario Antonio Conde Conde is a Spanish businessman, former banker, state lawyer and politician. He served as chairman of Banesto from November 1987 to December 1993, when he was dismissed and the firm intervened by the Bank of Spain, in what would become the first major interference of a government in a financial institution. At the peak of his career in 1987, a 38-year-old Conde controlled over 1% of Spain's GDP.Son of a humble customs inspector, he was noted for his studying and hard-working capabilities, which led him to obtain the highest distinction of his year's Law promotion at the University of Deusto. Conde's career came to the spotlight when, age 24, he became the youngest State Lawyer in the history of Spain, achieving also the highest grade ever attained in the corps. He remarkably earned the title in little more than a year, when the average candidate took 5.After working for two years in the Ministry of Finance, Conde met Juan Abelló who, convinced of his talent, offered him a place as board member at his family's laboratory. Following the sale of the laboratories to Merck Sharp & Dohme in 1984, they gained control of Antibióticos S.A., an important antibiotics firm at the time. In March 1987, Conde and Abelló took part in what became the most ambitious transaction in the history of private business in Spain, the sale of the 100% of shares of Antibióticos S.A. to Montedison for US$450 million (approximately US$1 billion today).The exceptionally wealthy Conde and his partner Abelló, who had amassed a fortune following the deal with Montedison, bought a significant amount of shares of Banesto, one of the largest banks in Spain, so to become members of the management board. Conde was eventually appointed executive chairman on 30 November 1987, becoming the youngest financial chairman of the moment. As a result of six years of an allegedly corrupt management of the bank and excessive credit-lending, there was a patrimonial hole in Banesto tentatively estimated at €3.6 billion (equivalent to roughly US$7.2 billion today) on 28 December 1993. Luis Carlos Croissier, the President of the Comisión Nacional del Mercado de Valores, the financial regulator of the national securities markets, decided to impose a trading halt on Banesto, and Luis Ángel Rojo, the Governor of the Bank of Spain, communicated the intervention of the banking entity, tasking Alfredo Sáenz Abad with chairing the board of directors of Banesto in a temporary basis. Conde, who stayed in preventive detention from December 1994 to January 1995, faced a trail of judicial problems. He was sentenced to 10 years in prison in March 2000 by the Audiencia Nacional (raised to 20 years in 2002 by the Supreme Court). He in fact served 11 years before being paroled.Mario Conde was seen for many years as the ultimate societal role-model. His embodiment of the self-made man was admired by many, dubbing him "the real life Great Gatsby" but also "Spain's Machiavelli".

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Some of their strengths

Mario Conde has many admirable traits.

Based on spiritual traditions from around the world, they are someone who can be described as Curious, Smart, Passionate, Intellectual, Analytical, Intelligent, and Practical.

Smart and Sophisticated

According to Mysticism’s Astrology tradition, Mario Conde is someone who is a smart, sophisticated, and organized person who displays kindness and grace in every day interactions, and who also has a passionate soul. A person who is a bit of a "lone wolf".

Adventurous and Free

Based on Daoism’s Ba-Zi or ‘Chinese Zodiac’ tradition, people who know Mario Conde well know them as someone who can be talented, wayward and free, like a big river or the ocean.

Methodical and Exacting

According to Hinduism’s Jyotisha or ‘Vedic Astrology’ tradition, many would also describe Mario Conde as someone who is careful, methodical, and a perfectionist.

A person who forms successful business partnerships, who appreciates the variety the world has to offer, who takes a frugal approach to life and tends to be a workaholic, and who engages in things that let them express their opinion.

Emotionally Intelligent and Intuitive

Based on the Mayan Tzolk’in or ‘Mayan Astrology’ tradition, Mario Conde is someone who tends to have strong emotional intelligence and intuition, and who can be a catalyst of change for others.

They are also someone who is balanced, organized, and in-charge, and who loves traveling, working hard, and figuring out the patterns of things.

Altruistic and Purposeful

According to Judaism’s Kabbalah tradition, Mario Conde tends to be someone who has a desire to be of service to a higher calling and who is always trying to perfect things. Who can be practical and polished, reserved and methodical, and who tends to trust internal judgment before trusting anyone else at face value.

Some of Mario Conde's challenges

While Mario Conde has many strengths, nobody is perfect. They also have some challenging traits they need to manage.

For example, Mario Conde can be Rebellious, Difficult, Perfectionist, Emotionally Distant, Hesitant, Narcissistic, and Sensitive.

Difficult and Perfectionist

One of Mario Conde's key challenges is that they are someone who can be difficult and too much of a perfectionist.

Mario Conde must also exercise caution as they can be excessive and unrealistic.

Sensitive and Critical

Mario Conde is someone who can be insecure, critical, and pessimistic, who can have difficulty relaxing, can be possessive and jealous, and who can have difficulty listening to others' opinions and perspectives and make hasty decisions.

Critical and Bossy

Finally, Mario Conde also can be too focused on the small details of life, try to control whatever is happening, and be finicky and demanding.

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