Santander UK has appointed Patricia Halliday as chief risk officer (CRO), reporting to chief executive officer (CEO) Nathan Bostock. She will start her new role on 15th May and replace Keiran Foad, who has been appointed as the deputy head of the risk division and deputy group CRO at parent company Banco Santander. As CRO, she will oversee Santander UK’s risk function with responsibility for the management and control of all financial risks (credit, market, liquidity, capital and pensions) as well as the operational risk framework and reporting.
Halliday has previously held senior credit risk positions at Deutsche Bank and Barclays Capital. She joins Santander UK from GE where she was the CRO of GE Capital International Holdings, with oversight of all enterprise risks across US$125bn+ of assets and multiple jurisdictions.
Carmen Haddad, who is also CEO for the bank’s Qatar operations, has been chosen as Citigroup continues advanced talks for an investment banking licence with Saudi Arabia’s Capital Market Authority.
The duo announced the first successful testing results for a pan-European instant payment solution.
The Euro Banking Association’s open banking working group has issued an analysis paper on how it can help financial service providers “take customer-centricity to the next level”.
A real-time payment controls service is being added to the financial messaging services provider’s customer security programme.