Former Santander CFO appointed chief exec of UK Finance

The former chief finance officer of Santander has been appointed chief executive of the new trade association representing UK finance and banking.

Stephen Jones was appointed to head up the new body, UK Finance, a mega-merger of six trade associations including the CML and BBA.

Jones will lead the development of the new body, which will fully launch this summer.

He has previously worked in a wide range of roles in finance for nearly thirty years, including for Santander, Barclays, Citigroup and Schroders. His most recent roles have been as chief finance officer and executive director of Santander UK and as a senior adviser to Cerberus Capital Management.

Jones says: “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 was recently appointed chair of the body and says: “We are delighted to be able to announce Stephen’s appointment. He 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.”

The new organisation has secured premises at Angel Court in the City of London.