Héctor Grisi will take over as CEO at Santander in January 2023. Having joined the bank in 2015 as chief executive of Santander Mexico, in 2019 he rose to become head of the Santander group’s North America region, covering both Mexico and the US.

Ana Botín, Santander’s executive chair, called Grisi “an outstanding successor to José Antonio. He brings decades of experience and a deep understanding of our markets and business, and a proven ability to lead in a collaborative way and create value for both customers and shareholders… We believe he is the right person to lead the bank in the next phase of our transformation and growth.”

Before joining Santander, Grisi spent 18 years at Credit Suisse, where he held a range of senior positions, including head of Investment Banking for Mexico, Central America, and the Caribbean, then President & CEO of Credit Suisse Mexico.

Grisi says of his coming role: “I firmly believe that Santander’s scale, diversification, and customer focus create opportunities for growth that are difficult for others to replicate. I am excited to get to work and have no doubt that we have the strategy, model and above all, the team, to create value for all our stakeholders and fulfil our potential.”