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Santander hire finance expert as head of legal

25th September 2012

A Spanish law firm has lost one of its corporate finance partners, Javier Illescas, to the international bank Santander as the group looks to restructure its entire legal department.

Illescas, who held one of the most high profile legal jobs in his home country, will take on the role of head of business legal affairs, whilst a separate internal legal affairs branch will be overseen by Adolfo Diaz-Ambrona Moreno, who previously held a post with another bank which is owned by Santander.

Amongst Illescas’ new responsibilities will be the coordination of issuing legal advice to large external corporations, as well as the bank’s own business operations, and even to branches of Santander outside Spain. The private practice from which he was hired has often been instructed to give counsel by the bank in the past.

The general secretary of Santander, Ignacio Benjumea, will head up the legal team as a whole, with Illescas and Diaz-Ambrona Moreno becoming senior vice presidents and reporting to him.