THE CFO ROLE has been restructured at Santander UK as part of a boardroom reshuffle.
CFO Antonio Lorenzo steps down from the position at the end of the year to join two other Santander executives moving to Lloyds Banking Group.
Instead of a direct replacement, his duties will be split among four members of the executive committee.
Justo Gómez, until now deputy CFO of Banesto, will join Santander’s executive committee as FD, responsible for asset and liability management, economics and investor relations.
Mónica Cueva joins the company’s executive committee as financial controller, responsible for financial reporting, tax and cost management and control. She is currently financial controller for Banco Santander SA.
Committee member Alison Brittain will assume responsibility for Intermediaries in addition to her existing responsibilities as executive director, retail distribution.
Miguel-Ángel Rodríguez-Sola will be responsible for wealth management and private banking in addition to his existing responsibilities on the committee.
Ana Botin is the new chief executive of Santander UK after António Horta-Osório stepped down to move to Lloyds.
Jose María Nus is set to be appointed chief risk officer and executive director.
The reshuffle has put Santander UK’s plan to list back several months, according to reports.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up