Multiple sources tell Profit & Loss that Andrew Brown, global head of FX at Santander, is leaving the firm.
Brown joined Santander in May 2018 after a six year spell at Spanish rival BBVA where he oversaw what sources familiar with the matter refer to as an “outperformance” of the FX business and he seems to be departing Santander on a similar high, for while the bank does not break out foreign exchange results, it did report a 45% year-on-year increase in Global Markets revenues in H1 2020, following a 12% increase for FY2019.
Brown joined BBVA from an eight year career at HSBC, joining the bank in Hong Kong in 2000 before transferring to HSBC London as regional head of foreign exchange and in 2006 becoming HSBC’s sole global head for the FX business.
Prior to HSBC Brown worked for Citigroup in Europe and Goldman Sachs in Europe and Asia.
Santander declined to comment.