Shawbrook Group has appointed Santander UK executive director and head of UK banking Steve Pateman as its chief executive officer, effective 1 January 2016.
At Santander Pateman runs the bank’s corporate, commercial, business and retail banking operations as well as wealth management. Pateman is responsible for annual revenues of £5bn (6.79bn) and 15,000 employees and is a member of Santander UK’s executive committee.
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Pateman joined Santander in 2008 with responsibility for building an SME franchise, said a release from Shawbrook. Over the following seven years he built a corporate and commercial business with a balance sheet in excess of £30bn, a 7% market share and market leading customer satisfaction scores, said the release.
Before joining Santander UK, Steve spent eight years at RBS, where he was chief executive officer of business banking, retail markets and managing director of commercial banking and corporate banking, corporate markets.
Following Richard Pyman’s decision to take leave of absence on May 21st, Shawbrook said its Board confirmed Pyman will be stepping down as chief executive officer and from the board and will Shawbrook with immediate effect. Tom Wood, who has been running the bank during Richard’s absence will remain interim chief executive officer until Steve’s arrival, after which he will continue his role as chief financial officer.
Iain Cornish, Shawbrook chairman, said: "Richard has helped develop Shawbrook into a specialist lending and savings bank that supports our customers with first class service and strong values. The Board is extremely grateful to Richard for his exceptional commitment and contribution to the Group, in particularly for his leadership through the bank’s successful IPO. The Board would also like to thank Tom for his energy and dedication in leading Shawbrook to continue to deliver strong results as Interim Chief Executive Officer.
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By GlobalData"On behalf of the Board, I am delighted to welcome Steve as Shawbrook’s new chief executive. He brings a tremendous breadth and depth of experience across all of our asset classes and an outstanding track record in building highly successful SME banking businesses. His absolute focus on delivering excellent customer service fits perfectly with the bank’s specialist and relationship driven model and we are confident that Steve will help Shawbrook to achieve even greater success in the
