New bank chief
Santander confirms Regnier as new chief executive
Mike Regnier: new boss
Santander UK has confirmed that Yorkshire Building Society boss Mike Regnier will become chief executive.
As predicted at the weekend, he will succeed Nathan Bostock, who joined the Spanish bank from Royal Bank of Scotland where he was head of restructuring.
Mr Regnier has been CEO at Yorkshire since 2017 and prior to that was chief commercial and chief customer officer.
Santander chairman, William Vereker said said Mr Regnier brings “a powerful combination of experience, knowledge and energy, twinned with a positive vision for the future of the bank.”
Mr Regnier joined Yorkshire, the UK’s third largest building society, in 2014 and was previously a senior banker at Lloyds, overseeing personal current accounts and credit cards, and was also a product director at TSB.
It had been expected that Tony Prestedge, who joined Santander as deputy chief executive only a year ago, would replace Mr Bostock, 61, who has held the top post since 2014.
But in July Mr Prestedge left Britain’s fifth biggest bank abruptly and without explanation, disrupting the search led by William Vereker who took over as chairman in November last year.
Santander said in April that Mr Bostock would step down as CEO towards the end of the year and start his new role as head of investment platforms at the Spanish parent bank when a successor has been appointed. The bank lost another candidate when Susan Allen quit earlier this year to join Barclays.
Santander has restructured its UK bank to operate more closely with its European business under a process led by group executive chairman Ana Botin.