San Félix to head Banesto, as Santander reshuffles top management

Javier San Félix has been appointed chief executive of Banesto, the Spanish bank owned by Banco Santander.

San Félix has also been appointed senior executive vice president of Banco Santander, joining the bank’s management committee.

The executive committee of the Spanish group has also agreed to name José García Cantera senior executive vice president of the bank’s global wholesale banking division.

Cantera replaces Adolfo Lagos, who headed the global wholesale banking division for 10 years. Lagos will remain associated with the group as a senior executive vice president until his retirement in a year’s time, advising from Mexico on business opportunities in the US and Latin America.

Cantera joined Banesto in 2003 as senior executive vice president of wholesale banking, the same business he will now be managing on a group-wide basis. In 2006, he was named chief executive of Banesto, now replaced by San Félix.

San Félix joined Banco Santander in 2004 as director of strategic planning in Santander Consumer Finance. Prior to that, he was a partner in the Madrid office of McKinsey.

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