Santander UK’s chief executive Ana Botin has become the banking group’s executive chairman following her father Emilio Botin’s death after 28 years at the helm.
Botin has lead the group’s UK arm for three and half years and until a new chief executive is recruited deputy chief executive Nathan Bostock will fill in.
Santander UK chairman Lord Burns says: “Ana has transformed Santander UK, turning three former building societies into one of Britain’s most successful banks.
“Thanks to her dynamic leadership, we are now in a unique and privileged position for the future. And while we will greatly miss Ana’s energy and passion in the UK day-to-day, we know we can continue to count on her support in the next stages of our journey.”
“We wish to express our sympathy to the family and friends of Emilio Botín, whose legacy at Santander is embodied in the great global business which Banco Santander is today.”
Emilio Botin died of a heart attack earlier this week and Ana Botin is the fourth generation in her family to lead the bank.