schedule2 Min Read
Javier Rodríguez de Colmenares, formerly of Santander, has officially taken up the role of group chief risk officer at Lloyds Banking Group.
The appointment follows Stephen Shelley's decision to retire after 15 years at Lloyds, where he started in 2011 as CRO for commercial banking before taking charge of the bank's entire risk function in 2017.
Shelley's call to step down, first announced in April, brings to a close a 37-year career in financial services. Before joining Lloyds, he held a variety of coverage and risk roles within Barclays' wholesale banking division.
Commenting on Shelley's tenure and Lloyds, group CEO Charlie Nunn states: "He has overseen a fundamental reshaping of the group's risk management function and culture amidst significant regulatory change and economic turbulence".
"I know that the board and the entire leadership team owe him a great debt of gratitude and we wish him all the best for a well-deserved retirement," adds Nunn.
Related:Fintech layoffs tracker: 2026
Shelley's departure follows shortly after long-time group chief technology officer Victor Weigler announced his retirement. HSBC's Jane Gilmour has been named as Weigler's replacement, and is set to join Lloyds in January.
Rodríguez de Colmenares joins from Banco Santander, where he spent the past three years as global CRO for Corporate and Investment Banking (CIB). His career at the Spanish banking group, split across two periods, includes a further ten years at its CIB unit in various senior roles, as well as a spell in Brazil heading up credit operations before serving as deputy CRO.
His career began in 2001 at BBVA within its capital markets division, and later included a role as chief of the infrastructure and energy division at IDB Invest, which he joined after initially leaving Santander in 2016, before returning to the bank in 2020.
About the Author
Reporter, FinTech Futures
Cameron Emanuel-Burns, a reporter at FinTech Futures, is dedicated to enhancing the accessibility of fintech for a broader audience. He has contributed articles to various media platforms and possesses a strong interest in all aspects of fintech. Prior to his involvement in the financial industry, Emanuel-Burns worked in the podcasting field, where he held editorial, hosting,and production positions for renowned production companies, covering diverse topics. With a research master's degree in conflict analysis, he conducted a study on the influence of anti-refugee policies on extremism.