![]() ![]() Get ready to jump into this colorful world of Kitty White and her friends. With Hello Kitty Jumper, you are invited to a fabulous jumping adventure! You can meet her best friends, collect lots of points and unlock new skins! All you need is your concentration and timing skills to jump all the way through the victory. She disbanded the bank's international advisory board, cutting Santander's ties with Rodrigo Rato, the former International Monetary Fund chief who has been caught up in a court investigation over his time at bailed-out Spanish lender Bankia BKIA.MC. They replace Spaniards Fernando de Asua and Abel Matutes, long-standing appointments under Emilio Botin.Īna Botin had already shown in recent weeks she was prepared to break with old teams. Santander named Sol Daurella, chairwoman of Coca-Cola’s bottling and distribution business in Spain, and Mexican businessman Carlos Fernandez Gonzalez as new independent directors. ![]() Tuesday’s shake-up also addresses corporate governance concerns that have often been raised about the bank, which until recently had three Botin family members on the board. Frenchman Jacques Ripoll, formerly of the British business, will run global banking and markets. Jose Garcia Cantera, until now head of global banking and markets and who had previously been a top manager at Santander’s Spanish retail business Banesto under Ana Botin - will replace Alvarez as CFO. He has also accumulated 4.3 million euros in pension payments after more than 20 years at Santander. Marin is entitled to slightly more than 13.5 million euros (10.71 million pounds) if he takes early retirement from Santander, a source at the bank said. He launched cost-cutting and a review of how divisions use up capital, and had demoted some veteran executives, but was still seen as old guard. Javier Marin, a former personal aide of Emilio Botin’s, had been a surprise choice last year as the bank’s previous CEO because he was little known outside the bank. “We expect continuity, predictability and potentially more transparency on issues such as capital and strategic priorities (from Alvarez),” Citi bank analysts in a research note. ![]() The 54-year-old had been Santander's CFO for the past 10 years. Some analysts welcomed the appointment of Alvarez, who has had a long career in financial management roles, including at Santander's top domestic rival BBVA BBVA.MC. Still, investors were recently disappointed by the pace of recovery in its core lending revenue, and the bank has long been under scrutiny over whether it needs to bolster capital levels. It now operates mainly in 10 countries - from Britain and Brazil to Mexico, Argentina and Poland - and this has helped it to weather Spain’s downturn. Santander was transformed from a local lender by Emilio Botin, who took over from his father in 1986. But she has broken with some aspects of his management after four years running the bank’s British business. In an internal memo seen by Reuters, Ana Botin told staff that she wanted the modernised lender to be “a simple, personal and transparent bank”.Ī veteran of Santander herself, she has shown every sign of wanting to further her father’s strategy, including the bank’s global footprint and generous dividend policy. ![]() Santander replaced two directors and added a third, filling a void left by the death of former chairman Emilio Botin in September, when he was succeeded by his daughter. The overhaul aims partly to answer big international investors’ concerns that Santander’s board was not independent enough. 1, needs to show Santander can cut costs and build up capital while turning around its business in major markets such as Brazil and Europe, as well as expanding in newer ones such as the United States and Eastern Europe. The bank ousted CEO Javier Marin and replaced him with finance boss Jose Antonio Alvarez, a move welcomed by investors as a sign that Botin, 54, was putting her stamp on a business emerging from a long economic downturn at home. Ana Botin talks during her meeting with Andalusian regional president Susana Diaz in the Andalusian capital of Seville September 26, 2014. ![]()
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