Miguel Sard, managing director of Abbey for Intermediaries (AFI) has also been appointed by parent Santander UK to the role as managing director of Cater Allen Bank.

The appointment follows FSA approval. Cater Allen Bank has over 150 years of experience working with intermediaries and offers a range of products to meet the needs of clients’ cash portfolios, including savings accounts, fixed term deposits, structured deposits and current accounts.

“The intermediary channel is strategically very important to Santander and is a key channel for our business,” Sard (pictured) 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.”