Banco Santander has hired Jose Maria Nus as chief risk officer and executive director. His hiring follows the departure of Juan Colombas, currently executive director of the risk division, who will soon be leaving Santander UK to join rival company, Lloyds Banking Group.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...