UPDATE 1-Santander announces leadership change in Brazil

(Revises first sentence, changes dateline from RIO DE
JANEIRO)

SAO PAULO, Dec 22 (BestGrowthStock) – Spanish bank Santander
(SAN.MC: ) announced a change in the leadership of its Brazil
operations on Wednesday.

The bank said in a statement that it was proposing Marcial
Portela, currently the general director of Santander in Brazil
(SANB11.SA: ), as the new executive president.

The current executive president, Fabio Barbosa, would move
to become president of the administrative council of its Brazil
subsidiary.

The changes would take effect Feb. 4 if they are approved
by shareholders, it said.

Barbosa became the head of Santander in Brazil in 2008
after Santander bought the global operations of Dutch bank ABN
AMRO.
(Reporting by Aluisio Alves)

UPDATE 1-Santander announces leadership change in Brazil