Esporte UPDATE 1-Santander Brasil taps CEO Rial as bank’s next chairman

Esporte UPDATE 1-Santander Brasil taps CEO Rial as bank’s next chairman

Esporte (Adds background, context)

BRASILIA, July 27 (Reuters) – Brazilian bank Santander Brasil said on Tuesday that current Chief Executive Sergio Rial would become board chairman, while corporate banking head Mario Roberto Opice Leão will become CEO, in moves that will take effect in January.

Rial, who has been at the helm of Santander Brasil since January 2016, will also leave his position as regional head for South America. Carlos Rey de Vicente, current vice-president of finance, will replace him.

Still, Rial will continue at the board of directors of Spain’s Banco Santander, according to a statement, where he has been a director since February 2020.

Leão has been at Santander for roughly six years and has a long-term career in corporate banking. He will also join Santander Brasil’s board of directors.

Reporting by Jake Spring and Aluísio Alves; editing by Richard Pullin and Chris Reese

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