KNF clears the nomination of BZ WBK's new CEO

Financial watchdog KNF has approved the appointment of Michał Gajewski as a new CEO of Polish lender Bank Zachodni WBK, a unit of Spain's Banco Santander, after Mateusz Morawiecki, the former head of the bank quit to become deputy prime minister, KNF said in a statement. Gajewski graduated from the University of Poznań, Chicago's Northwestern University and London Business School. Between 1992-2008 he worked at BZ WBK, where he climbed up the corporate ladder. Subsequently, he became a member of the board at Millenium Bank.