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.
Neil Dyke, who joins the company as its new chief technical officer, was previously chief information officer for GE Money Home Lending.
The penalty was imposed by the US Federal Housing Finance Agency and the bank potentially faces an even heavier fine from the Department of Justice.
The group said that it is the first Swiss private bank to enter the blockchain asset management market with the virtual currency.
The bank has partners with fintech GT Nexus to offer customers a digital commerce platform that manages complex processes.