REFILE-UPDATE 7-Santander's powerful patriarch Botin dies, daughter named successor

miércoles 10 de septiembre de 2014 14:36 GYT

(Refiled to make clear final quote was made before Botin's appointment)

* Santander chairman Emilio Botin dies aged 79

* Eldest daughter Ana Botin to succeed - sources

* Santander shares fall 1.1 percent

By Sonya Dowsett and Sarah White

MADRID, Sept 10 (Reuters) - Banco Santander named Ana Botin as its new head on Wednesday after her father Emilio's sudden death, making her one of the top women in banking and continuing her family's century-old management of what is now the euro zone's biggest lender.

Botin, who recently restructured Santander's UK division ahead of a probably stock market listing, had long been tipped to take over from Emilio, who turned the bank during his 28 years at the helm from the small domestic lender run by his father into a global financial institution.

The succession by the fourth generation of the family happened sooner than expected, after Santander announced earlier on Wednesday that Emilio had died at the age of 79 from a heart attack.

Now, his daughter, aged 53 and a longtime investment and retail banker who speaks five languages, will be under pressure to do at least as well. She will navigate the bank through an upcoming industry health check by the European Central Bank which experts say it should pass. Longer term, investors expect her to boost the profitability of the bank to sustain its hefty dividend, in addition to seeking new markets.   Continuación...