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Santander appoints UK CEO

Santander appoints UK CEO
 Santander chairman William Vereker (left) and Mike Regnier, incoming UK CEO

Santander has appointed Yorkshire Building Society’s chief executive, Mike Regnier, as its UK CEO.

Regnier, who took the helm of Yorkshire BS in 2017, also brings with him years of experience at Lloyds Banking Group, TSB, Halifax and Asda.

The new CEO takes over from Nathan Bostock, who has led the UK bank since 2014. His departure was announced in April and scheduled for the end of this year.

Santander’s chairman, William Vereker, said today (November 29): “I am confident that [Regnier] will provide the strategic leadership required to drive the bank forward and fulfil our ambition to be a responsible and diverse business with our customers, communities and colleagues at its heart.

“He brings a powerful combination of experience, knowledge and energy, twinned with a positive vision for the future of the bank.”

Regnier, who has been in the financial services and retail industry for some 25 years, began his career as a management consultant, initially at Arthur. D Little before moving to the Boston Consulting Group. 

Between 2003 and 2006, Regnier held a variety of roles at supermarket chain Asda, including head of customer research and pricing, and general manager of beers, wines, and spirits.

At TSB, Lloyds and Halifax, where Regnier worked for eight years until 2014, he was responsible for marketing and products at TSB, and headed up savings, current accounts and credit cards for Lloyds, Halifax and Bank of Scotland.

In his most recent time at Yorkshire BS, Regnier also served as chief commercial officer and chief customer officer.

Upon his departure, Yorkshire BS published record annual results in 2020, having provided 10,854 first-time buyer mortgages during the year - up 39 per cent on 2019, when it provided 7,789 first-time buyer mortgages.

Stephen White has been appointed as interim CEO of Yorkshire BS. The building society said its outgoing CEO will work with White “to ensure a smooth transition before he leaves the society at the end of the year”.

Both appointments are subject to regulatory approval.

ruby.hinchliffe@ft.com