Banco Santander has hired Jose Maria Nus as chief risk officer and executive director. His hiring follows the departure of Juan Colombas, currently executive director of the risk division, who will soon be leaving Santander UK to join rival company, Lloyds Banking Group.

Other appointments include: Monica Cueva, formerly based at Santander in Madrid, will become financial controller. In addition, Justo Gómez will become finance director. Gomez, like Nus, joins Santander from retail bank, Banesto, based in Spain.