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Mr. Horta-Os?rio, who is married and has three children, began his career at the Citibank Portugal where he was responsible for the capital markets.

46 Years old, a veteran of 850 scuba dives - 100 of them "shark dives" Santander UK Executive Director since 2006.

In the last few years he has swallowed Alliance & Leicester for ￡ 1. 26bn, Bradford & Bingley ￡ 21bn savings book and 197 branches to 612 million from ￡ 318 branches of the Royal Bank of Scotland, adding them to the Abbey, the British Bank belonging to Santander.

Mr. Horta-Osório, who is married and has three children, began his career at the Citibank Portugal where he was responsible for the capital markets.

He then worked for Goldman Sachs in New York and London before joining Grupo Santander as Chief Executive of the Banco Santander de Negocios Portugal in 1993.

Bankers as public enemy number one in the wake of the financial crisis, he says: "I would say bankers are being impliquées.Je would say that it has as an industry work hard to improve its credibility."

However, there is no Jonas and does not believe that the UK financial sector is dying.

"The financial sector is an advantage competitive key of the British economy, this should be encouraged and nurtured by the authorities", he said in an interview last year.

"I think the United Kingdom has all conditions to become even stronger from this crisis on a relative basis and will continue to be an advantage competitive key fleet economy does not mean errors do not have to be corrected."

In June 2009 he was appointed non-Executive Director of the Court of the Bank of England.

Mr. Horta-Osório, who is also Executive Vice President of the Santander group and member of its Management Committee, has a degree in management and trade at the Portuguese Catholic University, an MBA from INSEAD and completed a program advanced management of the Harvard Business School.

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He wished to raise up to ￡ 7. 7 m pay and bonuses - including a basic salary of ￡ 1. 035 m. in addition, he shall receive compensation in cash of ￡ 610 000 to retire next year.

Mr. Horta-Osorio will collect an amount not specified in compensation for the loss of pension benefits and deferred cash and shares that he is leaving Santander, said the Lloyd ' S.

The news is inattendue.De many investors and analysts predicted that the Bank would opt for an internal candidate.Favorites included Helen Weir, the current head of the nucleus of Lloyd's UK retail banking division and Finance Director Tim Tookey.

Mr. Horta-Osorio said Wednesday: "I am aware of the vital group plays in the social and economic fabric of the .Lloyd United Kingdom ' is a key player in the UK economy and contributed to support the growth and prosperity of the country."

"I am personally committed to ensuring the Bank plays its role in loans to SMEs and supporting owners."

46 Years old has become an increasingly large figure in British banking environments, and it represents Santander at the end of last month at the Confederation of British Industry (CBI) Annual Conference.

He oversaw the expansion of Santander in the UK lender .the based in the Spanish town of the same name, has acquired Abbey National Alliance & Leicester as well as business savings Bradford & Bingley and branches of the Royal Bank of Scotland.

"UKFI Organization put in place to manage government investments in the rescued banks, said:" "we're delighted with the appointment... it brings the expertise and experience to create benefits for the customers and the value for the shareholders, as we move toward an exit for the taxpayer."

Analysts were also optimistic.Chris Wheeler, London, Mediobanca banking analyst said: "it is an exciting appointment."He has a track record, it just to run the United Kingdom Retail Bank and give real impetus to it.

He said that he was a "great rental for Lloyds" but "the jury is out for what this means for Santander.

The Spanish bank, which intends to float its UK division announced that he had appointed Ana Patricia Botin, daughter of Santander President Emillio Botin, replacing Mr. Horta-Osorio.

Ms. Botin, Member of the fifth generation of the powerful Spanish family is currently Director President of controlled Santander Banesto, one of the largest banks of Spain detail.

She is a graduate of Harvard and worked in the banking sector for 25 years, of which seven at JP Morgan to join Grupo Santander in 1988.

Mr. Horta-Osorio was regarded as a possible future Director General Sandater but analysts said that it could have thwarted in its ambitions to the Group of Santander, especially with Ms Botinseen as a candidate to replace his father as President.

"Ana Patricia Botin is well... it is highly regarded the cercles.Banesto banking is one of the best Spanish banks qualité.Elle knows his stuff and has done a good job," said Andrew Lim, Matrix, analyst says Reuters.

Lloyd's, 41pc, owned by the taxpayer, said on Tuesday it was underway to make a profit this year and began to repay at the beginning of money lent to it by the British Bank gouvernement.Actions increased 2pc 68.7 percent in early trade.

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