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August 30, 2015 8:05 AM ET


Company Overview of Santander UK plc

Company Overview

Santander UK plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom and internationally. Its Retail Banking segment offers residential mortgage and personal loans, savings and current accounts, and credit cards, as well as a range of insurance policies. This segment serves individuals and small businesses through a network of branches and ATMs, as well as through telephony, e-commerce, and intermediary channels. The company’s Commercial Banking segment provides loans, bank accounts, deposits, and asset finance, as well as treasury, invoice discounting, and cash transmission services through a network of regional business centers and tele...

2 Triton Square

Regent's Place

London,  NW1 3AN

United Kingdom

Founded in 1988

20,639 Employees


44 87 0607 6000

Key Executives for Santander UK plc

Chief Executive Officer
Age: 54
Chief Financial Officer and Executive Director
Age: 50
Chief Operating Officer
Chief Executive Officer of Santander Private Banking International
Global Head of Innovation and Non-Executive Director
Age: 56
Compensation as of Fiscal Year 2015.

Santander UK plc Key Developments

Santander UK Announces Board Changes

Santander UK announced that Ed Giera has been appointed as an Independent Non-Executive Director and will join the Board with immediate effect. As a result of Bruce Carnegie-Brown's appointment to the Board of Banco Santander, S.A. earlier this year, and therefore no longer being classified as independent in the UK, Ed Giera will assume the Chairmanship of the Santander UK Board Risk Committee on November 1, 2015. Bruce Carnegie-Brown will remain on the Santander UK Board as a Non-Executive Director and a member of the Santander UK Board Risk, Board Remuneration and Board Nomination Committees. In addition, as a result of nearing the completion of his term of office, Roy Brown has decided to step down as an Independent Non-Executive Director with effect from December 31, 2015. In order to ensure an orderly transition, he will also step down as Chair of Board Remuneration Committee (whilst remaining a member) with effect from September 1, 2015, at which point current Senior Independent Director, Scott Wheway, will assume that role until further notice.

Santander UK Hires Sigga Sigurdardottir as New Head of Innovation from September 1, 2015

Santander UK reported that it has appointed Sigga Sigurdardottir as head of Innovation from September 1, 2015. In her new role, Siguardardottir is expected to focus on the opportunites the bank has in the digitialisation of the bank and in the investment and design of new ways and models to serve its customers. Siguardattir will report jointly to Nathan Bostock (CEO) and Jose Maria Fuster, global head of Innovation. She will also join the executive committee. Prior to her appointment with Santander UK, Sigurdardottir worked at American Express.

Santander UK plc Announces Consolidated Unaudited Earnings Results for the Six Months Ended June 30, 2015

Santander UK plc announced consolidated unaudited earnings results for the six months ended June 30, 2015. For the period, the company reported net interest income of GBP1,783 million against GBP 1,673 million a year ago, driven by improved margins and increased unsecured retail and corporate lending. Total operating income was GBP 2,283 million against GBP 2,192 million a year ago. Profit before tax was GBP 195 million against GBP 107 million a year ago. Profit for the period was GBP 734 million against GBP 438 million a year ago. Profit for the period attributable to equity holders of the parent was GBP 722 million against GBP 438 million a year ago. Net cash flow used in operating activities was GBP 4,680 million against GBP 252 million a year ago. Purchase of property, plant and equipment and intangible assets was GBP 119 million against GBP 147 million a year ago. Return on assets was 0.25%.

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