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A weekly look at some of the most recent and influential people moves across the global banking industry. Simon Duffy reports.

Saul Van Beurden

Saul Van Beurden – CEO, consumer and small business banking, Wells Fargo

Wells Fargo has promoted its technology head, Saul Van Beurden, to CEO of its consumer and small business banking (CSBB) division. He will succeed veteran Wells Fargo banker Mary Mack, who is due to retire after nearly four decades with the bank and seven years leading its CSBB division.

Mr Van Beurden joined Wells Fargo in 2019 from JPMorgan, where he served as chief information officer for its consumer and community banking division. Prior to this, he held numerous leadership roles at ING Bank, including as head of its technology and operations for its international retail business.

Commenting on the appointment, Wells Fargo’s CEO Charlie Scharf said: “Saul is a strong leader, technologist and knows how to run a business, making him the ideal person to lead consumer and small business banking into the future, building on the strong foundation that Mary has built.”

Wells Fargo’s CSBB division provides financial services to around 64 million individuals and 3 million small businesses across 36 US states.

Francisco Aristeguieta

Francisco Aristeguieta – group head, international banking, Scotiabank

Scotiabank has named Francisco Aristeguieta as its new head of international banking. A seasoned banker, Mr Aristeguieta brings more than 30 years of experience in overseeing various banking business lines across Latin America and other international markets.  

He was most recently CEO of institutional services at State Street, where he managed more than 85% of the company’s global revenue. Prior to State Street, he spent 25 years at Citi, where he worked in both consumer and institutional banking, and on leading its Latin America and Asia-Pacific regional businesses.

Mr Aristeguieta’s appointment is one of the bank’s first major operational changes since Scott Thomson became its CEO earlier this year. According to press reports, Mr Thomson is undertaking a strategic review to improve Scotiabank’s performance, with a particular focus on its Latin American markets.

Scotiabank, which is Canada’s fourth largest bank by Tier 1 capital, has heavily invested in Latin America. It possesses operations in Brazil, Chile, Peru, Colombia and Mexico.

Yee Chin Lit

Chin Lit Yee – head of south-east Asia, Julius Baer

The Swiss-headquartered private banking group Julius Baer has appointed Chin Lit Yee as its new head of south-east Asia. Mr Yee possesses more than 30 years of experience in wealth management. Prior to joining Julius Baer in 2015, he worked at Credit Suisse, Deutsche Bank and JPMorgan.

Mr Yee will report to Jimmy Lee, member of the bank’s executive board and head of Asia-Pacific. Mr Lee remarked in a press statement: “The appointment of Chin Lit to head south-east Asia showcases his exceptional leadership and deep understanding of the region. He is an accomplished leader, renowned for his strategic vision and ability to build high-performing teams.”

The appointment comes as Julius Baer looks to intensify its focus on the Asia region. Singapore and Hong Kong currently account for the bank’s second and third largest banking hubs, respectively, employing 24% of its total workforce.

Luz_Mabel_del_Valle (1)

Luz Mabel del Valle – chief risk officer and deputy chief compliance officer, FV Bank

FV Bank, a US-licenced digital bank that provides personal and business accounts globally, has appointed Luz Mabel del Valle as its new chief risk officer and deputy chief compliance officer.

Ms Del Valle brings more than 20 years of financial services experience gained in bank operations, risk analysis and management. She was most recently chief compliance and accounting officer at Encanto Group, a California-based media and entertainment company. Prior to this, she was chief compliance officer at Stern International Bank and a principal examiner at the Office of the Commissioner of Financial Institutions of Puerto Rico.


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