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 […]
Profit & Loss understands from market sources that Andrew Brown, formerly global head of FX at HSBC and BBVA, is to join Santander in the same role.
Santander has not responded to requests for comment, but the hire is being seen in some quarters as a statement of intent by the bank as it seeks to boost the effectiveness and profile of its FX business. Brown headed Spanish rival BBVA’s FX business for six years and oversaw an outperformance by the bank’s FX business.
Banco Santander has announced the launch of a new international payments service using blockchain-based technology.
The service is available to retail customers in Spain, UK, Brazil and Poland, and will be rolled out across more countries in the coming months, the bank says.
The new service, known as ‘Santander One Pay FX’, makes it possible for customers to complete international transfers on the same day in many cases or by the next day. The service also shows them the exact amount that will be received in the destination currency before they make the transfer.
BiBox is partnering with Santander Global Corporate Banking to focus on fast-paced integration of fintech solutions into the bank.
The collaboration will enable Santander to quickly integrate new solutions and technologies across all business units faster than traditional onboarding methods via its digital marketplace. The aim of this is to produce cost-savings, faster speed to market, greater standardisation and data sharing in a compatible and compliant manner.
BiBox has been working with Santander Global Corporate Banking to deploy its ‘curation and industrialisation’ offering, which enables smaller players such as fintechs to provide their tools within end-to-end workflows that banks can consume more readily within the confines of scale and regulation.
Portlock Joins EBS Mark Portlock has joined EBS in Singapore as head of hedge fund sales. He joins from Commerzbank, where he was head of FX spot trading for Asia, also based in Singapore. Profit & Loss understands Portlock will report locally to Simon Winn, head of sales, Asia, at EBS. Portlock and Winn worked […]