Latest news with #AlexsandroBroedelLopes
Bloomberg
2 days ago
- Business
- Bloomberg
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.
Bloomberg
3 days ago
- Business
- Bloomberg
Santander Reconsiders Accounting Hire Accused of Fraud by Itau
Banco Santander SA is exploring whether to replace its incoming chief accounting officer as a legal case linked to the executive's previous job winds it way through Brazil's courts, according to people familiar with the matter. Santander had previously said it would appoint former Itau Unibanco Holding SA Chief Financial Officer Alexsandro Broedel Lopes as its head of accounting by July. Spain's biggest bank has now opened a new internal process to search for a new head for this function, according to the people, who asked not to be named discussing hiring decisions.
Reuters
27-02-2025
- Business
- Reuters
Brazilian prosecutors investigate top Santander executive
SAO PAULO, Feb 27 (Reuters) - Brazil's federal prosecutors have launched an investigation into alleged fund diversion by a former senior executive at Itau Unibanco ( opens new tab, set to take a key role at Spanish bank Santander [RIC:RIC: in coming months. Latin America's largest bank accused its former Chief Financial Officer, Alexsandro Broedel Lopes, of misappropriating funds while working at the bank, in a filing published in December. The bank later sued Broedel for damages. Itau alleges that its former executive, hired by Santander last year, breached internal policies through his involvement in irregular payments for consultancy reports. In a regulatory filing, Itau said it investigated the executive's conduct for several months and concluded he was involved in improper transactions totaling more than 4.86 million reais ($830,000) between 2019 and 2024. Broedel's representatives said in a statement that their client denies any wrongdoing and wonders why suspicions were raised after he resigned from his position to take on a global role with one of Itau's main competitors. A Santander spokesperson said: "Mr. Broedel is a highly regarded senior executive who until July was Itau CFO. He is due to take over as (chief accounting officer) later this year and we are monitoring any developments." The federal prosecutors office in Sao Paulo said in a statement that it could not comment on the case because it is under seal. As part of its lawsuit targeting Broedel, Itau asked a judge to register the existence of proceedings against him in the deed of a house valued at almost $2 million that the executive is trying to sell. The request is meant to work as a guarantee that Itau will have access to funds related to any sale if it wins the case. On Thursday, a Brazilian judge agreed to the request. According to Broedel's representative, the executive decided to sell his house because he is now living in Spain.
Bloomberg
27-02-2025
- Business
- Bloomberg
Former Itau CFO Accused of Fraud Has House Seized in Sao Paulo
By and Cristiane Lucchesi Save Former Itau Unibanco Holding SA Chief Financial Officer Alexsandro Broedel Lopes, accused of fraud by the Brazilian bank, had his house seized by a judge in Sao Paulo, according to documents seen by Bloomberg. Broedel, who's now a senior vice president at Banco Santander SA in Madrid, was trying to sell the house, Itau said in a lawsuit, adding that the executive may need it to pay a 3.35 billion-real ($575 million) indemnification the lender is asking for.
