Santander Mexico has appointed Fernando Quesada as Vice President and member of the Management Committee, which includes responsibilities such as the bank’s strategic transformation, the institution announced in a statement.
Meanwhile, Alejandro Capote will take on the role of Deputy General Director of Retail and Commercial Banking, which includes the bank’s private banking division and the insurance area. Capote previously led the bank’s corporate banking division, a role that will now be taken over by Santiago Cortina.
In addition, Laura Cruz, who heads the bank’s Strategy and Innovation division, will also assume leadership of the Global Consumer and Businesses division, including ventures such as Getnet and Openbank, in an effort to consolidate these businesses in the Mexican market.
Santander Mexico also announced changes to its organizational structure and its product and service offerings.
For instance, the Deputy General Directorate of Corporate Resources and Recoveries has been eliminated. Furthermore, the Executive Directorates of Organization and Comprehensive Expense Management, Media, and Recovery Business will now report to other Deputy General Directorates.
As for product innovation, Santander customers can now download insurance policies directly from the app. Meanwhile, Openbank, a Santander offering, provides a 3% cashback on online purchases over 1,500 pesos (approximately 75 dollars). Openbank also offers the option to defer payment for those purchases over three months with no interest.
