(Reuters) -Spanish lender Santander is set to name an insider as its next UK chief executive, the Financial Times reported on Thursday, citing people familiar with the matter.
The short-listed candidates set to replace Mike Regnier, who will step down by the first quarter of 2026, include group Chief Risk Officer Mahesh Aditya and head of the UK retail and business bank Enrique Alvarez Labiano.
While Santander has not made a final decision yet, Aditya was regarded as the front-runner, FT said.
Santander declined to comment on the report and referred to a previous statement by UK Chair Tom Scholar, who last month said the bank expected “to be able to conclude the process to appoint a successor in the early part of 2006”.
Santander UK withheld its third-quarter results in late October, citing a need for clarity on the UK financial regulator’s proposals related to compensating consumers for unfair car loans.
(Reporting by Ananya Palyekar in Bengaluru; additional reporting by Jesús Aguado; Editing by Mrigank Dhaniwala and Kim Coghill)
