LONDON - Santander UK Group Holdings PLC announced today the appointment of Enrique Alvarez Labiano as an Executive Director to the boards of Santander UK plc and Santander UK Group Holdings plc. Alvarez Labiano, who is currently the Chief Executive Officer of Retail and Business Banking at Santander, will join the boards immediately following regulatory approval.
Alvarez Labiano's career with Santander started in 2015, holding various leadership roles including Group Head of Strategy and Head of the Group Chairman's office. In 2019, he relocated to the UK to serve as Head of Strategy and Corporate Development and later became Chief People Officer in 2020. He was appointed Head of Everyday Banking in 2021 before taking on his current role as CEO of Retail and Business Banking in 2023.
William Vereker, Chair of Santander UK, expressed confidence in the new board member, stating, "I am delighted to welcome Enrique to the Boards of Santander UK. He brings us over 20 years of international business experience from a range of blue-chip companies and the wider Santander Group and I look forward to working with him."
Santander UK is a significant provider of financial services within the United Kingdom (TADAWUL:4280), employing approximately 19,600 individuals and serving about 14 million active customers, including 7 million digital customers. The bank operates a nationwide network of 444 branches and offers telephone, mobile, and online banking services. It operates under the supervision of the Financial Conduct Authority (FCA) and the Prudential (LON:PRU) Regulation Authority (PRA) in the UK, with customer deposits protected by the Financial Services Compensation Scheme (FSCS).
Parent company Banco Santander (BME:SAN) is one of the world's largest banks by market capitalization and is headquartered in Spain. It has a diverse global business portfolio that includes Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance, and Payments. Banco Santander focuses on providing financial services that are simple, personal, and fair, with a commitment to raising €220 billion in green financing between 2019 and 2030.
The information on this executive board appointment is based on a press release statement provided by RNS, the news service of the London Stock Exchange (LON:LSEG), and is subject to the approval of financial regulatory authorities.
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