The Boston-based retail bank Santander Holdings USA Inc. announced Thursday that a longtime in-house attorney at M&T Bank will become its next chief legal officer.
Brian Yoshida will become chief legal officer effective May 4 and oversee all legal operations for Santander’s U.S. businesses. Yoshida will also oversee the bank’s U.S. government relations, public policy and regulatory functions. He will report directly to Tim Wennes, CEO of Santander US. It is not clear if Yoshida will be based in the bank’s Boston headquarters.
“Brian will easily step in to lead our legal, policy and governance teams as we continue to strengthen our regulatory framework, deepen and improve customer relationships, increase profitability and enhance our culture,” Wennes said in the press release.
Yoshida will be replacing Michael Lipsitz. Lipsitz has worked as senior executive vice president and chief legal officer of Santander US since 2015, according to his LinkedIn profile. Lipsitz could not be reached for comment Friday.
A spokesperson for Santander US confirmed Lipsitz is leaving the bank but otherwise declined to comment beyond the press release. Yoshida could not be reached for comment Friday.
Yoshida has spent the last 18 years of his career in-house at M&T Bank, where he has most recently served as deputy general counsel, according to his LinkedIn profile. He has also served as an associate attorney at Phillips Lytle and K&L Gates. Yoshida graduated from the University of Buffalo School of Law in 1996.
The move comes as the nation is grappling with the new coronavirus and a majority of employees are working from home. In March, Santander US announced that it established a temporary emergency paid leave program which gives employees up to 80 hours of additional paid time off. The bank will also be providing $25 million in loans to community development financial institutions to fund small businesses during the pandemic.