Santander Holdings USA Names Scott Powell CEO

(RTTNews) - Santander Holdings USA Inc., a unit of Spanish lender Banco Santander SA (BNC.L, BSBR, SAN), Monday announced it has named Scott Powell as Chief Executive Officer, effective immediately.

Powell has held a variety of roles at J.P. Morgan Chase & Co., including Head of Banking and Consumer Lending Operations, CEO of Consumer Banking and Retail Investments, Head of Consumer Lending, as well as Chief Risk Officer, Consumer.

The Boston-based unit owns Santander Bank N.A., which has branches in the Northeast, and 60.5% of Santander Consumer USA , which went public last year and makes consumer and auto loans.

Santander Group Executive Chairman Ana Botin said: "We are delighted to have Scott join our team. His expertise and experience in retail banking, consumer finance and risk management will be a great contribution as we work to improve customer service, enhance our U.S.-wide oversight and embed our banking culture across the U.S."

Roman Blanco will continue as CEO of Santander Bank.