Coronavirus - we're here to help
From how to access your account online, scam awareness, your wellbeing and our community we're here to help.

Skip to main content
  • Register
  • Help
  • Contact us
  • Log out of your HL account

Ex-UBS investment banker to be next head of Santander UK

Tue 30 June 2020 14:31 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - The former head of UBS's investment banking operations in Britain will be the next chairman of Santander UK.

According to the Financial Times, which cited two people familiar with the matter, William Vereker will take over from Shriti Vadera, who was set to step down later in 2020 to become chairwoman at Prudential.

Vereker had been named vice-chair of JP Morgan's investment banking arm for Europe, the Middle East, and Africa in January 2020.

In November 2017, while at UBS, Vereker went from being co-head of its advisory unit to executive vice chair under his former boos, Andrea Orcel.

Orcel and Santander are currently in legal tussle following the lender's botched attempt to hire him after reneging on the terms of the pay packet originally agreed with him.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.


    More company news from ShareCast