The bank said the appointment follows FSA approval and demonstrates Santander UK’s on-going commitment to the intermediary market.
Miguel became managing director for AFI in May 2011 and since then, AFI has successfully entered the buy-to-let market and also launched its range of NewBuy mortgages, both of which are available exclusively through the intermediary channel.
Savings specialist, Cater Allen Bank has over 150 years of experience partnering intermediaries and offers savings accounts, fixed term deposits, structured deposits and current accounts.
Miguel Sard, managing director of Abbey for Intermediaries and Cater Allen Bank, said: “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.
“We are committed to developing and strengthening the relationships we have with intermediaries across the market, and we will be working hard to continue to support our intermediary partners with great products and service.”
