Santander prepares the replacement of Rami Aboukhair at the head of its Spanish subsidiary

The manager has been CEO for six years.

Santander plans a change in management at the head of its Spanish subsidiary. The chief executive of Santander Spain, Rami Aboukhair, will leave his position of CEO, which he has held for six years, as Invertia has learned from financial sources.

This change will mean the renewal of the management at the head of the Spanish subsidiary, which he joined as president a few months ago Luis Isasi, from Morgan Stanley. However, Isasi performs the functions on a non-executive basis, so Aboukhair is currently the chief executive of the division.

The still CEO of Santander Spain has been with Ana Botín since the banker led the British subsidiary of the group and is one of its trusted people. The team formed by both is responsible, among other things, for the strategy 123 that the bank implanted in the United Kingdom and brought to Spain years later.

Aboukhair’s replacement has been in the making for a few days and several names have been on the table, such as Angel Rivera, responsible for Retail in Europe of the entity, as these sources add.

From the bank they have not wanted to offer comments, although it seems that finally the chosen one will be Antonio Simões, a manager that Santander brought in from HSBC in May last year to lead the region of Europe, as published The confidential.