Santander intermediary director quits for Lloyds Banking Group
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Alison Brittain, executive director for retail distribution and intermediaries at Santander is leaving the lender and joining Lloyds Banking Group.
Brittain has resigned as executive director with immediate effect but will continue to work at Santander UK until September 2011 in order to ensure an orderly transition and handover with her successor.
Alan Mathewson, managing director of Abbey for Intermediaries will be taking over her role until a successor has been found.
Brittain has been appointed group director for the Lloyds TSB and Bank of Scotland retail banks.
In November Lloyds Banking Group poached António Horta-Osório, chief executive of Santander UK, to replace the outgoing Eric Daniels, group chief executive.
Brittain will report to Horta-Osório, and will be a member of the group executive committee from September 5.
Horta-Osório, says: “Alison brings a wealth of retail and business banking experience from her time at Barclays and Santander UK and I’m delighted she has agreed to be part of the team at Lloyds Banking Group.
“Her appointment will further strengthen the senior team at Lloyds Banking Group and continue to build the foundations that will enable us to deliver on our longer-term plans following our strategic review.”
Ana Botín, chief executive of Santander UK, says: “I’d like to thank Alison for her contribution to Santander UK over the last few years and wish her well in her future career.
“In this period we have made significant progress in establishing Santander UK as a challenger to the incumbent banks, with a strong set of competitively priced products, which we’ve delivered while integrating our historic businesses into a single brand.
“While we intend to maintain these firm foundations, we recognise we can further develop the breadth and accessibility of our products through our various business channels, improve our service and become an even more customer-focused business.
“I intend to deliver this by further strengthening the management team with a new head of retail distribution and intermediaries and evolving the UK strategy going forward.”
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Readers' comments (4)
stuart | 22 Mar 2011 12:18 pm
Obviously better bonuses at Lloyds TSB
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Andrew Carter | 22 Mar 2011 1:05 pm
I see this as a real compliment to Abbey. They have made huge leaps in the last two years, and clearly Lloyds have no idea how to compete with them, and are poaching their staff as a result.
If Lloyds want a hint can I suggest that they start to court the Broker Market?
Just an idea!
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Anonymous | 22 Mar 2011 1:39 pm
It probably is a compliment to Abbey. But it is more probably just Antonio Horta-Osorio taking another one of his mates with him now he's landed at Lloyds. She's one of quite a few that have moved already and I wouldn't be surprised to see others in time.
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John Lacy | 22 Mar 2011 2:33 pm
Lloyds wouldn't have to buy in their expertise if they'd been smart enough to retain the intermediary brains with HBOS when they took them over---they let so many experienced people go that they should have kept.
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