BOSTON, June 19, 2015 /PRNewswire/ -- Santander
Holdings USA, Inc. (SHUSA) today
announced a broad reorganization of its Board of Directors,
including the appointment of four new independent SHUSA directors
and the creation of the position of Lead Independent Director.
The new independent SHUSA directors will be Alan Fishman, Chairman of Ladder Capital;
Thomas S. Johnson, former Chairman
and CEO of GreenPoint Capital; Catherine
Keating, CEO of Commonfund; and Richard Spillenkothen, former head of banking
supervision at the Federal Reserve Board and former director of
Deloitte & Touche LLP.
SHUSA said Thomas S. Johnson
would become the Company's first Lead Independent Director, a newly
created position. The Lead Independent Director will chair board
meetings in the absence of the Chairman, convene meetings of the
independent directors and carry out the annual performance review
of the Chairman.
SHUSA is the U.S. holding company of the Santander Group and
parent company of fully-owned Santander Bank, N.A. and 59.03%-owned
Santander Consumer USA Holdings
Inc. (SCUSA).
T. Timothy Ryan, Jr.,
non-executive Chairman of SHUSA, said: "These changes are among the
many steps we are taking to reinforce best practices and meet our
standards of excellence. Our new independent directors bring to
Santander deep expertise in regulatory matters and experience in
large U.S. financial institutions. All have managed banking or
consumer finance businesses. Their appointments and the naming of
Tom Johnson as the lead independent
director will further strengthen governance and oversight of our
businesses."
He added: "On behalf of the Board, I would like to thank
Gonzalo de las Heras, John P. Hamill, Marian
Heard, Manuel Soto, and
Alberto Sanchez for the service they
have given to Santander through their board service in recent
years."
Javier Maldonado, Senior
Executive Vice President and head of coordination and control of
regulatory projects of Banco Santander, S.A. of Spain, also joined the Board of SHUSA.
Following these appointments, the SHUSA Board will have 14
members, seven of whom are independent, with two vacancies. The new
SHUSA directors were also appointed to the Board of Directors of
Santander Bank, N.A.
Also joining the Board of Santander Bank are Steve Pateman, head of UK banking at Santander
UK; Henri-Paul Rousseau,
Vice-Chairman, Power Corporation of Canada; Victor
Matarranz, Senior Executive Vice President and Head of Group
Strategy, Banco Santander S.A.; and Juan
Olaizola, Chief Operating Officer, Santander UK. Mr.
Rousseau is an independent director.
Alan Fishman will be Lead
Independent Director of Santander Bank.
About Santander
Santander Holdings USA, Inc.
(SHUSA) is a wholly-owned subsidiary of Banco Santander, S.A.
(NYSE: SAN). Banco Santander is a diversified global retail and
commercial bank offering a wide range of financial products and has
over 103 million customers worldwide. SHUSA owns 100% of Santander
Bank, N.A., a retail and commercial bank with 703 branches and
9,703 employees in the U.S. northeast, and 59.03% of the common
stock of Santander Consumer USA
Holdings Inc. (NYSE: SC), a Dallas,
Texas-based national vehicle finance and unsecured consumer
lending company. For more information about Santander Bank, visit
www.santanderbank.com. For more information about Santander
Consumer USA, visit
www.santanderconsumerusa.com.
Santander Bank, N.A. (SBNA) is one of the largest
retail banks in the United States
by deposits. Its main corporate offices are in Boston and it operates principally in
Connecticut, Delaware, Maryland, Massachusetts, New
Hampshire, New Jersey,
New York, Pennsylvania and Rhode Island. Santander's 9,703 employees
serve its 1.8 million customers through the Bank's 703 branches,
2,092 ATMs, call centers, website and mobile app. Supervised by the
Office of the Comptroller of the Currency and a member of the
Federal Deposit Insurance Corporation, Santander in the United States is a wholly-owned,
financially autonomous subsidiary of Banco Santander (NYSE: SAN), a
global commercial and retail bank. For more information about
Santander, visit www.santanderbank.com or call
877-768-2265.
Biographies of newly appointed SHUSA and Santander Bank
Directors:
SHUSA
T. Timothy Ryan, Jr. (SHUSA,
SBNA)
Chairman, Santander Holdings USA,
Inc. and Santander Bank, N.A.
T. Timothy Ryan, Jr., 69, was
appointed to SHUSA and the Bank's Boards in 2014, and serves as
Chair of the Board's Executive Committees. Mr. Ryan also has served
on the Board of Directors of Great West LifeCo Inc. since 2010 and
is on its Compensation Committee, the Board of Directors of Power
Corp. of Canada and Power
Financial Company since 2011, and has served as Chair of its Audit
Committee and as a member of its Executive, Compensation,
Investment and Risk Committees. He also served as a director of
Markit Ltd. in 2014 and at Lloyds Banking Group from 2009 to 2013.
Mr. Ryan was the Vice Chairman for Regulatory Affairs at JPMorgan
Chase & Co. from April 2014
through his retirement in October
2014 and Global Head of Regulatory Strategy and Policy from
2013 to 2014; and President and Chief Executive Officer of the
Securities Industry and Financial Markets Association and CEO of
the Global Financial Markets Association, SIFMA's global affiliate,
from 2008 to 2012.
Thomas S. Johnson (SHUSA–Lead
Independent Director, SBNA)
Former CEO, GreenPoint Financial Corp.
Thomas S. Johnson, 74, was
Chairman and CEO of Green Point Financial Corp. and Green Point
Bank from 1993 until he retired in 2004. Prior to his tenure at
Green Point, Mr. Johnson was President and Director of
Manufacturers Hanover Trust Company from 1989 to 1991. His career
in banking started in 1969 at Chemical Bank and Chemical Banking
Corporation where he became President and Director in 1983. Mr.
Johnson currently sits on the board of Alleghany Corporation.
Alan Fishman (SHUSA, SBNA – Lead
Independent Director)
Chairman, Ladder Capital
Alan Fishman, 68, is Chairman of
the Board of Directors of Ladder Capital, a leading commercial real
estate finance company, providing $5-$100
million commercial mortgage loans across the United States. He also serves on the board
of Continental Grain Co (Private). Mr. Fishman has had an extensive
career in the financial services industry, most recently serving as
the Chief Executive Officer of Washington Mutual Inc. Mr. Fishman
also served as the Chairman of Meridian Capital Group and as
President of Sovereign Bancorp.
Catherine Keating (SHUSA,
SBNA)
Chief Executive Officer, Commonfund
Catherine Keating, 52, has been
Chief Executive Officer of Commonfund, a firm that primarily serves
not-for-profit institutions and pension plans, since January 2015. Previously, Ms. Keating served as
head of investment management at JPMorgan Chase & Co., where
she was responsible for more than $700
billion in client assets. She also served as CEO of the
company's U.S. Private Bank, and as global head of its wealth
advisory and fiduciary services business.
Javier Maldonado (SHUSA,
SBNA)
Senior EVP & Head of the New General Directorate for
Coordination and Control of Regulatory Projects in the Risks
Division, Banco Santander, S.A.
Javier Maldonado Trinchant, 52,
has served as Senior Executive Vice President of Banco Santander,
Head of the New General Directorate for Coordination and Control of
Regulatory Projects in the Risks Division, since September 2014.
Victor Matarranz (SBNA)
Senior EVP and Head of Group Strategy, Banco Santander, S.A.
Víctor Matarranz has been a Senior EVP and the Head of Group
Strategy at Banco Santander, S.A. since September 2014. Previously, he was a member of
the Executive Committee, the Director of Strategy, and the Chief of
Staff to the CEO of Santander UK.
Juan Olaizola (SBNA)
Chief Operating Officer, Santander UK
Juan Olaizola has been serving as
Chief Operating Officer at Santander UK since 2012. He previously
served as Director of Manufacturing at Banco Santander,
S.A. Prior to his time at Banco
Santander, he worked at IBM Global Services, serving as the
Vice-President of EMEA (IBM Financial Services Consulting) in
London, among other roles. Mr.
Olaizola sits on the Boards of Santander Insurance Services UK Ltd
and Ingenieria de Software Bancario (ISBAN), as well as the
advisory board of Fintech Investments.
Scott Powell (SHUSA, SBNA)
Chief Executive Officer, Santander Holdings USA
Scott Powell, 52, was appointed
as Director, President and Chief Executive Officer of SHUSA in
March 2015. Previously, Mr. Powell
was Executive Chairman of National Flood Services Inc. from 2013 to
2014. Prior to that, he was employed at JPMorgan Chase & Co.
and its predecessor BankOne from 2002 until his retirement in
February 2012, most recently as the
Head of Home Lending Default from July
2011 to February 2012. He
previously served as Head of JPMorgan's Banking and Consumer
Lending Operations from June 2010 to
June 2011, Chief Executive Officer of
Consumer Banking from January 2007 to
May 2010, Head of its Consumer
Lending Businesses from March 2005 to
December 2006, and Chief Risk
Officer, Consumer from 2004 to February
2005.
Henri-Paul Rousseau
(Independent)
Vice-Chairman, Power Corporation of Canada
Henri-Paul Rousseau, 66, has been
Vice-Chairman of Power Corporation and of Power Financial since
2009. He is a Director of several Power group companies,
including Power Corporation of Canada, Power Financial Corp, Great-West
Lifeco, London Life Insurance, Canada Life Assurance, and IGM
Financial. Previously, Mr. Rousseau was President and Chief
Executive Officer of the Caisse de depot et placement du Quebec.
Prior to that, he was President and Chief Executive Officer of the
Laurentian Bank of Canada, and
served as Vice-Chairman, President and Chief Executive Officer of
Boreal Assurances Inc., as well as Senior Vice-President of the
National Bank of Canada.
Richard Spillenkothen (SHUSA,
SBNA)
Former Head of Banking Supervision, Federal Reserve Board
Richard Spillenkothen, 65, most
recently served as a Director and Senior Advisor at Deloitte & Touche LLP until 2011. He
joined Deloitte's Regulatory & Capital Markets Consulting
Practice in Washington, D.C. in
2007, after a career of over 30 years at the Board of Governors of
the Federal Reserve System. He was also a senior advisor for the
Deloitte Center for Banking Solutions. Before joining Deloitte, Mr.
Spillenkothen served as Director of the Federal Reserve Board's
Division of Banking Supervision and Regulation from 1991 to 2006.
Mr. Spillenkothen served on the Basel Committee on Banking
Supervision from 1992 to 2006. From 2003 to 2006 he was the
Chairman of the Board of the Association of Supervisors of Banks of
the Americas.
Nancy Orlando
Santander Bank, N.A.
Public Relations Manager
nancy.orlando@santander.us
617.757.5765
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SOURCE Santander Holdings USA,
Inc.