Andrés Trautmann Buc Takes Over as CEO and Country Head of Banco Santander Chile

Andrés Trautmann Buc officially assumed the roles of Chief Executive Officer and Country Head of Banco Santander Chile on 1 July 2025, taking over from Román Blanco Reinosa, who had led the bank as CEO and Country Head since August 2022. The transition was approved by the board on 28 January 2025 and announced in a material-fact filing on 31 January 2025.

Prior to his appointment, Trautmann Buc had served since May 2021 as Executive Vice-President of Corporate and Investment Banking at Santander Chile. He joined the Santander Group in 2007, was Treasurer of Santander Chile between 2018 and 2021, and between 2013 and 2018 was in charge of sales for the Andean region at Goldman Sachs in New York.

PREDECESSOR

Román Blanco Reinosa, CEO since August 2022, led Banco Santander Chile through a period that included high inflation, monetary tightening and subsequent easing. Santander Chile is one of the largest banks in the country.

Santander Chile competes with Banco de Chile, BancoEstado, Scotiabank Chile and several other institutions.

RATE BACKDROP

The Banco Central de Chile had cut its policy rate from 11.25% in mid-2023 to 5%, though it had held it at that level since December 2024.