UK Finance – the new trade body formed from the merger of the British Bankers’ Association, the Asset Based Finance Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association – has recruited former Santander boss Stephen Jones as its first Chief Executive.
The lobby group recently secure new digs at Angel Court in the City of London; Jones will formally take up his position in a few weeks’ time, ahead of the official UK Finance launch in July.
Rugby and Cambridge-educated Jones was Chief Financial Officer at Santander UK for three years until October 2015, and previously spent 15 years at Schroders (until 2002), then joined Barclays until until 2011, rising to become head of investor relations. He’s also served on the Financial Conduct Authority’s practitioners’ panel, on advisory boards for TheCityUK and the British Bankers’ Association, and he currently advises US investment house Cerberus Capital, and sits on the board of an array of its finance-related portfolio companies.
UK Finance appointed former Merrill Lynch Chairman Bob Wigley as its Chair back in March.
Stephen Jones Chief Executive of UK Finance: “I am excited to be joining UK Finance at this formative time, and believe that the expertise and reach of the constituent organisations will be deepened by coming together.
“We will serve our members by helping them build a more customer-focused and innovative finance and banking sector for the benefit of the UK economy as a whole.”
Bob Wigley, Chairman of UK Finance: “Stephen will bring drive and focus to the integration, and has the experience and vision to develop UK Finance into a world class organisation working on behalf of its members and millions of customers, small and large, across the financial services sector.
“I look forward to working together with Stephen and many other colleagues to achieve this.”