Santander expected to appoint insider as new UK leader, according to FT.
Leadership Change: Santander is set to appoint a new UK chief executive to replace Mike Regnier, with Mahesh Aditya and Enrique Alvarez Labiano as leading candidates, although no final decision has been made yet.
Integration Plans: The new CEO will oversee the integration of TSB, which Santander is acquiring for £2.65 billion, aiming to strengthen its position as the third-largest bank in the UK.
Recent Developments: Regnier's departure follows other leadership changes at Santander UK, including the appointment of Thomas Scholar as chairman in August.
Regulatory Challenges: Santander UK has delayed its third-quarter results due to uncertainties regarding UK financial regulator proposals on compensating consumers for unfair car loans.
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