Resourcing | Santander Vice Chair 'botches' Executive Search

Santander’s Vice Chair has come under fire for a ‘botched’ attempt to hire a new boss at the bank amid a sexism storm linked to his other company – This is Money reports.

Bruce Carnegie-Brown – who also serves as the Chairman at Lloyd’s of London - orchestrated a plan to hire investment banker Andrea Orcel to head Santander. However, the offer was quickly withdrawn earlier this year after the bank deemed Orcel’s ‘golden hello’ offer of more than £34million unacceptable.

As a result, company shareholders are being encouraged to hold Carnegie-Brown as accountable for ‘deficiencies in the company’s hiring process’ and to oust him from the Board.

This news comes less than a month after he was forced to tackle allegations of toxic work cultures at his other firm Lloyd’s.