Santander appoints new UK transaction banking and cash management head
(6 September 2016 – United Kingdom) Santander Corporate & Commercial has appointed Michael Vallance as the new UK Transaction Banking & Cash Management Head.
Based in London, Vallance will be responsible for product management and complex sales solutioning of the full suite of transaction banking products offered to high growth mid-market and corporate clients, including domestic and international payments and receivables, e-channels, liquidity and information reporting, e-commerce and alternative payments products.
He joins Santander Corporate & Commercial Bank’s Products & International Business leadership team, reporting to John Carroll.
Vallance has previously worked for Citi Treasury & Trade Solutions, Barclays and global consulting firm Capco, and has over 30 years of experience working in the sector.
John Carroll, Managing Director, Products and International Business, Santander Corporate & Commercial, said: “I am delighted to welcome Michael to our team. Santander Corporate & Commercial has established itself as a major supporter of UK businesses and is committed to building long-lasting relationships with our customers so that we are able to provide tailored support at every stage of their business.
“Michael is a highly experienced international banker with strong transaction banking and cash management expertise and I am confident he will be a huge success in his new role.”
Commenting on his new role, Michael Vallance said: “In a globalised and digitised world, clients demand faster, better and more secure transaction banking products to power their growth.
“I was attracted to Santander – as not only is Transaction Banking a critical and core part of the Santander Corporate and Commercial customer proposition – but also the bank’s track record in supporting SMEs and Corporates in their plans to develop internationally.”
Subscribe