The FSA approval means he is now able to combine his duties with Abbey for Intermediaries (AFI) with a new role as managing director of Cater Allen Bank.
He assumed his role with AFI – that part of Santander responsible for the majority of its UK mortgage business – in May last year. Cater Allen is a wholly owned subsidiary of Santander and offers intermediaries fixed-term deposits, structured deposits and current accounts.
Of the move Sard commented: “We have made it clear that going forward we want to distribute more products through intermediaries, putting the customer and the distribution channel at the very heart of the relationship, and bringing our two intermediary brands together under the same management supports this goal.”
