Banco Santander replaces Victor Matarranza and appoints Javier García Carranza as head of asset management

Santander Bank reorganizes its leadership. The organization released Victor Matarranz as head of the asset management department, the division responsible for managing the assets and insurance of the organization, and appointed in his place Javier Garcia Carranzawas still in charge of investment platforms and the corporate investment division, the bank confirmed.

This change also involves structural remodeling. UnitInvestment Platforms and Corporate Investments is merging and integrating with the global asset management and insurance business “to better take advantage of the synergies between both businesses”, creating the Investment Platforms and Corporate Investments division. Asset Management and Insurancefor which García Carranza will be the main person responsible, reporting to CEO Héctor Grisi.

“The goal is not only to simplify the structure, but also to provide better service and offer customers better products,” the company says.The person in charge today is Victor Matarrans,He steps down after seven years in which he has made the division “one of the fastest-growing and most profitable businesses” of the group. From now on, he will work directly with Grisi to support him in implementing the bank’s strategy.

The changes are part of changes to strategy and structure that the bank began just over a year ago, creating a new structure based on five major global business lines instead of the traditional geographic division.

In this context, the organization also announced its intention to unify the functionsHuman resources andTalents under the new Talent & Culture divisionwhich will be led Javier Rogla, chief talent officer group, which will continue to report directly to Ana Botin. Alexandra Brandaostill global head of human resources, has decided to leave her executive duties at Santander, although she will continue to be part of the group as director of Santander in Uruguay.

The Digital Consumer Bank’s structure has also been simplified and is evolving to focus more on growth. “To ensure proper governance and accountability for achieving its goals, each business will have its own appropriate CEO,” the organization said, reporting to the Digital Consumer Bank board and each business’s respective boards and commissions.

Specific, Jose Luis de Mora will be executive vice president of Digital Consumer Bank,Assuming a role in the European region aimed at ensuring a strong control environment (financial, risk) and implementation of the strategy defined by the board of directors, and will continue to lead the strategy for relations with global manufacturers (OEMs). De Mora continues to serve as head of corporate development and financial planning.

Vicki Roiguntil now deputy chief Digital Consumer Bank, appointed head of DCB Europe and CEO of Santander Consumer Finance, replacing Jose Luis de Moraand reports directly to Ana Botin. In its turn, Bruce JacksonCEO of Santander Consumer Finance USA, will be responsible for setting DCB’s global automotive business strategy, and Petri Nikkila, who recently joined the group remains global CEO Openbank and is responsible for DCB’s global non-automotive business.

Bruce and Petrie will report dually to DCB and the heads of Santander US (Tim Vennes) and Retail & Commercial (Daniel Barriuso), respectively.