Santander appoints Pedro Castro e Almeida as Europe’s regional head

Spain’s Santander (BME:SAN) on Thursday announced it appointed Pedro Castro e Almeida as regional head for Europe, replacing Antonio Simoes, who was hired to head Britain’s Legal and General Group.

As regional chief, Castro will be responsible for the bank’s businesses in Europe, including its units in Spain, Britain, Poland and Portugal.

The appointment will take effect on September 1, subject to customary approvals, with Simoes continuing in his current position until then, the lender said.

Castro will lead the transformation in the region and report to the group’s CEO, Hector Grisi, while maintaining his current position as CEO of Santander Portugal.

Santander appoints Pedro Castro e Almeida as Europe’s regional head