IN BRIEF: OSB names Santander UK executive Enrique Labiano as CEO

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OSB Group PLC - Kent, England-based bank - Appoints Enrique Labiano as chief executive officer, pending regulatory approval, effective from a to-be-agreed date. Labiano currently serves as chief executive officer of Retail and Business Banking at Santander UK, having joined the bank back in 2015. Prior to this, OSB notes his role as a partner at McKinsey & Company, a position he held from 2007 until 2015. Labiano will succeed Andy Golding, who announced his attention to retire in November.

‘Enrique brings compelling strategic vision having extensive experience leading group-level strategy at Santander. His strong track record in retail and business banking, together with his excellent leadership experience will be instrumental in building on the strengths of the existing management team, and I look forward to welcoming him to OSBG,’ says Chair David Weymouth.

Current stock price: 607.50 pence, closed up 1.1% on Friday in London

12-month change: up 45%

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