Dimon diaspora

15 July 2015 By Antony Currie Follow @AntonyMCurrie

Blythe Masters’ appointment as chair of the Spanish bank’s auto lender leaves the Wall Street bank’s alumni in four of the top roles in its U.S. units. Masters isn’t an obvious choice. But the hire shows group CEO Ana Botin, also ex-JPMorgan, is serious about fixing the business.

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Santander Consumer USA has appointed Blythe Masters as its non-executive chair. Masters spent 27 years at JPMorgan JPM.N where she helped create derivatives products before becoming the investment bank’s finance chief and, until she left last year, its head of commodities. Earlier this year she became chief executive of Digital Asset Holdings, a payments startup.

Earlier this month Santander Consumer named Jason Kulas as its chief executive, replacing long-time boss Thomas Dundon. Kulas joined the company in 2007 after working as an investment banker at JPMorgan.

In March Scott Powell became chief executive of Santander Holdings USA, the holding company for all the Spanish bank’s U.S. operations. He had previously worked as head of banking and consumer lending operations at JPMorgan. Its chairman, appointed in December last year, is Timothy Ryan, who was previously head of regulatory affairs at JPMorgan.

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