Banco Santander strengthens its insurance business with the appointment of Peter Huber as its new global head, replacing Armando Baquero, who has decided to leave the bank to pursue new professional projects. Huber, who has over 20 years of experience in the sector, joins from the insurtech Wefox, where he held the position of director of insurance.
In his new role at Santander, Huber will report to Javier García Carranza, global head of Wealth Management and Insurance. According to Bloomberg, he will also join Santander’s Board of Directors as vice chairman, while Jaime Rodríguez Andrade will be appointed CEO of the holding company.
According to the financial news agency, Santander has also announced that it will split its Insurance division into two: Life and Pensions, and Protection Insurance, with the former being led by Jaime Rodríguez Andrade, who will report to Huber.
