Santander Names Preto as New Accounting Head Amid Broedel Saga
Banco Santander SA has nominated Manuel Preto to become its new chief accounting officer, dropping plans to appoint former Itau Unibanco Holding SA Chief Financial Officer Alexsandro Broedel Lopes who has been accused of fraud by his former employer.
Preto, who is currently deputy chief executive officer, chief financial officer and head of strategy for Santander Portugal, will replace Jose Doncel on July 31, after second quarter results, according to an internal memo seen by Bloomberg, whose details were confirmed by a Santander spokesperson.
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