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Santander Chile's brokerage CEO departs

Santander Chile's brokerage CEO departs

The chief executive of Santander Chile’s brokerage firm has left the firm after a roughly three-year tenure in that role.

Francisco Errandonea Terán left the firm effective August 17, Santander Corredores de Bolsa announced in a statement Friday. The firm added that his post would remain vacant for the time being.

A spokesperson for Santander Corredores de Bolsa declined to comment beyond the statement but said the exit had been ‘in good terms.’ The representative didn’t provide a timeline for replacing Errandonea Terán.

The former chief executive had worked at the Santander group since 2003, holding roles such as equity research associate and director. Citywire Americas understands that he left his chief executive post to pursue a personal project.

Part of the Santander group, the Chile brokerage offers custody and investment services across local and international equities and fixed income assets. 

In April, Santander Asset Management appointed Sergio Soto González as chief executive of Santander Asset Management following the exit of María Paz Hidalgo after 10 years in the role. 

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