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Santander CEO Javier Marín axed in major board reshuffle

Santander has axed group chief executive Javier Marín and replaced him with former chief financial officer José Antonio Álvarez as part of a major leadership reshuffle.

José García Cantera, currently global head of the Santander Global Banking and Markets division, will replace Álvarez as CFO. Santander UK head of global wholesale banking Jacques Ripoll will take on Cantera’s former role.

The bank has also appointed Bruce Carnegie-Brown as first vice chairman and lead independent director of the board; Sol Daurella and Carlos Fernández as independent board directors; and Rodrigo Echenique as vice chairman.

The three new independent directors will fill the vacancies left by the death of Emilio Botín and the resignation of Fernando de Asúa and Abel Matutes.

It is the first significant move by former Santander UK chief executive Ana Botín, who was named chairman of the bank in September following her father’s death.

The appointments will take effect from 1 January and are subject to regulatory approval.



Royals hire RBS director as communications chief

The Duke and Duchess of Cambridge have hired RBS director of corporate affairs Jason Knauf as their head of communications. Knauf, who starts with Prince William and Princess Kate in January, joined RBS as head of group media relations in April 2010 and has seen the bank fined more than £750m for huge conduct failings. […]


Treasury waters down HMRC powers to raid bank accounts

Individuals who risked tax debts being directly recovered by from their bank accounts will now have the right to a face-to-face meeting with tax officials and an appeals process before action is taken in a significant watering down of the rules. Earlier this year the Budget gave HM Revenue & Customs to directly dip into bank […]

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Brett Williams: RBS tech fine is a wake-up call for advice firms

The £56m fine imposed on the Royal Bank of Scotland by the FCA and the Prudential Regulation Authority for failures that left millions of customers locked out of their accounts has put financial services technology firmly under the spotlight. The disciplinary action – the largest ever sum for system failures in the UK – is […]

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Pension freedoms: stop the scams

At the beginning of 2015, we highlighted that the new pension freedoms that come fully online on 6 April also represent a very attractive opportunity for the criminal fraternity to scam savers out of some, or all, of their accumulated retirement savings.


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There is one comment at the moment, we would love to hear your opinion too.

  1. Michael.White.BoutiqueCapital - Bridging Loans 25th November 2014 at 11:47 am

    A Correct & Proper approach to running business…… unlike the ‘Dead-wood’ and ‘School – Tie’ promotion to incompetency which is more characteristic of many financial services firms.

    One of the most telling and quite amusing examples of this in recent times is a certain
    Mr Hector Sants?….. nuff said.

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