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Santander creates mortgage division; Sard appointed MD

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  • 02/12/2013
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Santander creates mortgage division; Sard appointed MD
Lender Santander has created a new mortgage division and appointed Miguel Sard as its managing director, subject to FCA approval.

Santander is restructuring its mortgage business to create a new division responsible for all mortgage products and marketing across its retail and intermediary channels.

Phil Cliff, who was responsible for Santander’s mortgage products, will be taking on a new senior role within Santander UK’s retail division.

The changes mean Brad Fordham has been appointed managing director of Santander for Intermediaries (SFI), subject to FCA approval.

Sard (pictured) was previously head of intermediaries at Santander and before that managing director of Abbey for Intermediaries. He also held the position of chief executive officer of Santander insurance services in the UK, a role which involved managing key relationships with third party distributors and growing Santander’s insurance offering in the UK.

Sard will report to Steve Pateman, Santander UK’s head of banking.

Brad Fordham, currently SFI’s sales director, will be the new managing director for Santander for Intermediaries, with responsibility for Santander for Intermediaries and all the products distributed through its channels including Santander, Abbey, Cater Allen and Santander Asset Management.

Brad joined Santander in 1995 and has held a number of roles across Santander’s retail division, including performance director for the lender’s mortgage division, before heading up SFI’s sales teams.

Miguel Sard, managing director of Santander mortgages, said: “I am delighted to be heading up our new Santander mortgages division. It’s an exciting time for Santander mortgages and we are focused on becoming the lender of choice for both customers and intermediaries. Key to this will be the development of products to support our customers as they buy their first home and later as they progress up the property ladder.”

Phil Cliff, currently Santander’s retail assets director, will take on a new senior role in Santander UK’s retail division. Phil has been instrumental in developing Santander UK’s mortgage business over the last five years and will remain involved in the implementation of the Mortgage Market Review in April 2014 whilst assuming his new responsibilities.

Phil Cliff said: “I am delighted to be leading the strategic thinking and transformation of our retail network as we move into the next phase of becoming the best bank in the UK.”

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