Santander Holdings USA announced that Ashwani Aggarwal has been named Chief Risk Officer, effective 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.