Stephen Jones, former CFO and executive director of Santander UK, will head up the trade association UK Finance, according to reports.

UK Finance formed by the merger of several UK finance trade associations; The Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA).

Jones has worked in finance for nearly 30 years, including for Santander, Barclays, Citigroup and Schroders.

His most recent roles have been as chief financial officer and executive director of Santander UK and as a senior adviser to Cerberus Capital Management.

Jones said:  “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.”

UK Finance Chairman, Bob Wigley, said: “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.”