Santander Chile announces Andrés Trautmann Buc as new Chief Executive Officer (CEO) and Country Head
Banco Santander Chile (NYSE: BSAC) has announced that Andrés Trautmann Buc will become the new CEO and Country Head, effective July 1, 2025, replacing Román Blanco Reinosa. Trautmann, currently Executive Vice President of Santander Corporate & Investment Banking (CIB), brings extensive experience since joining the Group in 2007.
Under Blanco's leadership, Santander achieved significant milestones, including a 26% ROAE in Q4 2024 and total profits of 865 billion pesos in 2024. The bank maintains strong financial metrics with a P/BV ratio of 2.2x and an A2 rating from Moody's. As of December 31, 2024, the bank reported total assets of US$68,865 million, gross loans of US$41,569 million, and total deposits of US$31,545 million. The bank operates with 8,757 employees across 236 branches, maintaining a solid BIS capital ratio of 17.1% and a core capital ratio of 10.5%.
Banco Santander Chile (NYSE: BSAC) ha annunciato che Andrés Trautmann Buc diventerà il nuovo CEO e Responsabile Nazionale, a partire dal 1 luglio 2025, succedendo a Román Blanco Reinosa. Trautmann, attuale Vicepresidente Esecutivo di Santander Corporate & Investment Banking (CIB), porta con sé una vasta esperienza avendo unito al Gruppo nel 2007.
Sotto la guida di Blanco, Santander ha raggiunto traguardi significativi, tra cui un ROAE del 26% nel Q4 2024 e profitti totali di 865 miliardi di pesos nel 2024. La banca mantiene metriche finanziarie solide con un rapporto P/BV di 2,2x e un rating A2 da Moody's. Al 31 dicembre 2024, la banca ha riportato un totale di 68.865 milioni di dollari in attività, prestiti lordi per 41.569 milioni di dollari e depositi totali di 31.545 milioni di dollari. La banca opera con 8.757 dipendenti distribuiti su 236 filiali, mantenendo un solido rapporto di capitale BIS del 17,1% e un rapporto di capitale core del 10,5%.
Banco Santander Chile (NYSE: BSAC) ha anunciado que Andrés Trautmann Buc será el nuevo CEO y Jefe de País, a partir del 1 de julio de 2025, reemplazando a Román Blanco Reinosa. Trautmann, actual Vicepresidente Ejecutivo de Santander Corporate & Investment Banking (CIB), aporta una amplia experiencia desde su ingreso al Grupo en 2007.
Bajo el liderazgo de Blanco, Santander logró hitos significativos, incluyendo un ROAE del 26% en el Q4 2024 y beneficios totales de 865 mil millones de pesos en 2024. El banco mantiene métricas financieras sólidas con una ratio P/BV de 2.2x y una calificación A2 de Moody's. Al 31 de diciembre de 2024, el banco reportó activos totales de US$68,865 millones, préstamos brutos de US$41,569 millones y depósitos totales de US$31,545 millones. El banco opera con 8,757 empleados en 236 sucursales, manteniendo un sólido ratio de capital BIS del 17.1% y un ratio de capital básico del 10.5%.
Banco Santander Chile (NYSE: BSAC)는 Andrés Trautmann Buc가 2025년 7월 1일부터 새로운 CEO이자 국가 책임자가 될 것이라고 발표했습니다. 그는 Román Blanco Reinosa를 대체하게 됩니다. Trautmann은 현재 Santander Corporate & Investment Banking (CIB)의 전무이사로 재직 중이며, 2007년 그룹에 합류한 이후 풍부한 경험을 가지고 있습니다.
Blanco의 지도 아래 Santander는 2024년 Q4에서 ROAE 26%를 달성하고 2024년 총 수익 8650억 페소를 기록하는 등 중요한 이정표를 세웠습니다. 이 은행은 P/BV 비율 2.2배, Moody's의 A2 등급으로 강력한 재무 지표를 유지하고 있습니다. 2024년 12월 31일 기준으로 은행의 총 자산은 688억 6500만 달러, 총 대출은 415억 6900만 달러, 총 예금은 315억 4500만 달러에 달합니다. 이 은행은 236개의 지점에서 8,757명의 직원과 함께 운영되며 BIS 자본 비율 17.1% 및 기본 자본 비율 10.5%를 유지하고 있습니다.
Banco Santander Chile (NYSE: BSAC) a annoncé que Andrés Trautmann Buc sera le nouveau PDG et Responsable Pays, à compter du 1er juillet 2025, remplaçant Román Blanco Reinosa. Trautmann, actuellement Vice-Président Exécutif de Santander Corporate & Investment Banking (CIB), apporte une vaste expérience depuis son entrée dans le groupe en 2007.
Sous la direction de Blanco, Santander a atteint des jalons significatifs, y compris un ROAE de 26% au T4 2024 et des bénéfices totaux de 865 milliards de pesos en 2024. La banque maintient des indicateurs financiers solides avec un ratio P/BV de 2,2x et une note A2 de Moody's. Au 31 décembre 2024, la banque a déclaré des actifs totaux de 68,865 millions USD, des prêts bruts de 41,569 millions USD et des dépôts totaux de 31,545 millions USD. La banque emploie 8.757 personnes dans 236 agences, maintenant un solide ratio de capital BIS de 17,1% et un ratio de capital de base de 10,5%.
Banco Santander Chile (NYSE: BSAC) hat angekündigt, dass Andrés Trautmann Buc zum neuen CEO und Landesleiter ernannt wird, wirksam ab 1. Juli 2025, und Román Blanco Reinosa ersetzen wird. Trautmann, der derzeit als Executive Vice President von Santander Corporate & Investment Banking (CIB) tätig ist, bringt umfangreiche Erfahrung mit, seit er 2007 der Gruppe beigetreten ist.
Unter Blanco's Führung hat Santander bedeutende Meilensteine erreicht, darunter eine ROAE von 26% im Q4 2024 und Gesamtgewinne von 865 Milliarden Pesos im Jahr 2024. Die Bank hat starke Finanzkennzahlen mit einem P/BV-Verhältnis von 2,2x und einer A2-Bewertung von Moody's. Zum 31. Dezember 2024 meldete die Bank eine Bilanzsumme von 68.865 Millionen USD, Brutto-Darlehen von 41.569 Millionen USD und Gesamteinlagen von 31.545 Millionen USD. Die Bank beschäftigt 8.757 Mitarbeiter in 236 Filialen und weist eine solide BIS-Kapitalquote von 17,1% und eine Kernkapitalquote von 10,5% auf.
- Strong Q4 2024 financial performance with 26% ROAE
- Total profits of 865 billion pesos in 2024
- High P/BV ratio of 2.2x, among the highest in Latin American banks
- Robust capital position with 17.1% BIS ratio
- Strong credit rating of A2 from Moody's
- None.
Insights
This CEO transition at Banco Santander Chile comes at a time of remarkable financial strength, evidenced by the bank's exceptional 26% ROAE and 2.2x price-to-book value - metrics that position it among Latin America's top-performing financial institutions. The selection of Andrés Trautmann, with his extensive capital markets and investment banking background, signals a potential strategic evolution in three key areas:
First, Trautmann's proven track record in scaling the Sales and Trading business and his recent oversight of Corporate and Institutional Banking suggests a likely expansion of Santander Chile's wholesale banking capabilities. This could drive higher-margin fee income and strengthen the bank's competitive position in corporate finance.
Second, the timing of this transition is particularly noteworthy as it follows the successful implementation of Gravity, the bank's cloud-based core banking system. This technological foundation, combined with Trautmann's experience in modern financial products, positions Santander Chile to accelerate its digital transformation and potentially introduce more sophisticated banking solutions.
Third, the bank's strong capital position with a 17.1% BIS ratio and 10.5% core capital ratio, coupled with its A2 Moody's rating, provides Trautmann with significant strategic flexibility. This could enable aggressive expansion in key growth areas while maintaining the bank's risk-conservative approach.
The seamless six-month transition period until July 2025 should ensure continuity in the bank's operations and strategic initiatives. Given Trautmann's comprehensive experience across markets, corporate banking and consumer finance, we can expect a balanced approach to growth that leverages both traditional banking strengths and innovative financial solutions.
SANTIAGO, Chile, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Banco Santander Chile (NYSE: BSAC) announces that Mr. Andrés Trautmann Buc will take over as CEO and Country Head, replacing Mr. Román Blanco Reinosa. This change will occur on July 1, 2025 and, until then, Mr. Blanco will remain as the bank's CEO, while Mr. Trautmann will continue to lead the Executive Vice President of Santander Corporate & Investment Banking (CIB).
Mr. Trautmann, a commercial engineer from Universidad de Chile, has a distinguished career at Santander, since joining the Group in 2007. He began his career as Head of Institutional and Corporate Sales at Santander Chile. Between 2010 and 2012, he served as Head of Structured Products Sales in London for Santander UK. Between 2013 and 2018 he oversaw the Andean Zone sales for Goldman Sachs in New York. In 2018, he became the Head of Markets Santander Chile, and in 2021, he was appointed Executive Vice President of CIB at Santander Chile, a global division that supports corporate and institutional clients with high-value services, products and solutions.
Since his initial position in Markets, Mr. Trautmann has achieved significant milestones, including tripling the growth of the Sales and Trading business. At CIB, he led and promoted the expansion of products for large companies by leveraging the global capabilities of the Santander Group. Recently, he also took on the Corporate and Institutional Banking business and Santander Consumer Finance, giving him a comprehensive view of the bank's operations. His leadership and deep knowledge of the business and markets will continue to strengthen the bank's position in the country.
Santander thanks Román Blanco, who, in his role as CEO and Country Head, has led a successful process accelerating the transformation of the bank's business models in Chile and its technology, strengthening the growth of Getnet and Santander Consumer Finance. Additionally, he promoted the launch of the Más Lucas and Más Lucas Joven account. Also noteworthy is the implementation of Gravity in Chile, positioning the entity as the first local bank with a banking core migrated to Cloud technologies. Among the achievements under his supervision are the implementation of specialized service models for companies, as well as the evolution of branch strategies, with Work/Café Expresso as an example.
During Mr. Blanco´s leadership, Santander has achieved an ROAE during the 4Q of 2024 of
It should be noted that Mr. Blanco has extensive international experience with more than 20 years within the Group. His main functions include having being Country Head in several operations such as the US, Puerto Rico and Colombia, in addition to leading the bank in the Andean region and Uruguay and having extensive experience in business management in Santander Brazil.
CONTACT INFORMATION
Cristian Vicuña
Investor Relations
Banco Santander Chile
Bandera 140, Floor 20
Santiago, Chile
Email: irelations@santander.cl
Website: www.santander.cl
Banco Santander Chile is one of the companies with the highest risk ratings in Latin America, with an A2 rating from Moody's, A- from Standard and Poor's, A+ from Japan Credit Rating Agency, AA- from HR Ratings and A from KBRA. All our ratings as of the date of this report have a stable outlook.
As of December 31, 2024, the Bank has total assets of
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