Santander UK’s chief executive Ana Botin has become the banking group’s executive chair following her father Emilio Botin’s death after 28 years at the helm.
Ana Botin has led the group’s UK arm for three-and-a-half years and, until a new chief executive is recruited, deputy chief executive Nathan Bostock will fill in.
Santander UK chairman Lord Burns says: “Ana has transformed Santander UK, turning three former building societies into one of Britain’s most successful banks.
“Thanks to her dynamic leadership, we are now in a unique and privileged position for the future. And while we will greatly miss Ana’s energy and passion, we know we can continue to count on her support.”
Emilio Botin died of a heart attack last week.