Santander UK today confirms the appointment of Chris Sullivan as Chief Executive Officer of its Corporate and Commercial Business, effective 1 January 2016. Reporting to Santander UK CEO Nathan Bostock, Mr Sullivan will assume leadership of Santander’s larger SME, corporate and institutional clients and markets business.
Announcing the appointment Nathan Bostock said: “Over the last few years, we have invested heavily in developing a corporate business which has both regional presence and a full service proposition which is fitting for a scale challenger bank such as Santander.
“There is no one more qualified than Chris to guide our Corporate and Commercial Business through Banking Reform, weaving it together with the best of our Institutional and Markets business to deliver clients a new banking experience. That experience is one that is truly customer centric, offers a range of innovative solutions and one that is simple, personal and fair.”
Mr Sullivan brings an enormous wealth of experience to this role having spent 40 years with the Royal Bank of Scotland and NatWest, including as Chief Executive of their Corporate Banking Division between 2009 and 2013.
Commenting on his appointment, Chris Sullivan said: “This is a unique opportunity to join a bank which has the ability and scale to challenge the status quo of UK banking. I am delighted to be joining Nathan and his senior team in the UK as we seek to build on some firm foundations and the undoubted strengths of the Santander Group to create a leading force in UK Corporate and Commercial Banking.
Mike Ellwood, Interim Head of Corporate and Commercial Banking, and Marcelo Castro, Head of the Global Corporate Banking in the UK, will now report direct to Chris Sullivan.
Earlier this year Mr Bostock confirmed that, ahead of the implementation of Banking Reform, Santander UK will move towards separating its Retail and Business Banking activities (the future Ring Fenced Bank) from its Corporate and Commercial Banking activities and Institutional and Markets business (the future Non-Ring Fenced Bank). He had previously appointed Javier San Felix as Deputy CEO of Retail and Business Banking.
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