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.
The new service will enable corporate treasurers to trace where an international payment is at any given time.
The two say that their collaboration has created a “pioneering” institutional banking solution.
Singapore-based CCRManager said the new electronic platform has been developed for the distribution of trade finance, supply chain finance and working capital assets.
The information paper examines the potential benefits and user cases of cryptotechnologies for international payments.