Santander Holdings USA, Inc. Names Ashwani Aggarwal as Chief Risk Officer

Santander Holdings USA (“SHUSA” and “Santander”) today announced that Ashwani Aggarwal has been named Chief Risk Officer, effective today, August 24, 2021. Aggarwal will report to Santander US CEO Tim Wennes. Ashwani joined Santander in 2019, and most recently served as Head of Risk Analytics & Chief Model Risk Officer.

In his new role, Aggarwal will oversee and provide strategic direction for the risk management and compliance programs at SHUSA and the Santander US businesses. He and his team will work closely with our business leaders as we seek an appropriate balance between risk and business needs, and to operate Santander US in a safe and sound manner.

Ashwani has nearly 20 years of risk management experience. Prior to joining Santander, he was the Managing Director and Chief Operating Officer, Model Risk Governance & Review at JPMorgan Chase. He also held leadership positions in the risk organizations at GE Capital, and Standard & Poor’s.

“We are pleased to name Ashwani Aggarwal as our new Chief Risk Officer,” said Santander US CEO Tim Wennes. “Ashwani not only has impressive experience, and a deep understanding of our Risk organization, our culture and our US entities—he is also a great example of our success in filling key leadership roles with internal talent.”

Aggarwal earned a B.S. in mechanical engineering from National Institute of Technology Rourkela, his M.S. in computational mechanics from Lamar University, and an MBA from the University of Michigan Stephen M. Ross School of Business.

About Santander Holdings USA

Santander Holdings USA, Inc. (SHUSA) is a wholly-owned subsidiary of Madrid-based Banco Santander, S.A. (NYSE: SAN) (Santander), a global banking group with 149 million customers in the U.S., Europe and Latin America. As the intermediate holding company for Santander's U.S. businesses, SHUSA is the parent organization of five financial companies with more than 15,000 employees, 5 million customers, and $150 billion in assets as of December 2020. These include Santander Bank, N.A., Santander Consumer USA Holdings Inc. (NYSE: SC), Banco Santander International of Miami, Santander Securities LLC of Boston, Santander Investment Securities Inc. of New York, and several other subsidiaries. Santander US is recognized as a top 10 auto lender, a top 10 multifamily lender, and a top 20 commercial real estate lender, and has a growing wealth management business with more than $50 billion in assets under management. For more information on Santander US, please visit www.santanderus.com.

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