Santander UK has announced the appointment of Ben Covey as Head of Private Banking, reporting directly to Charlotte Platts, Head of Wealth. Ben will take up his position from 1 May and will be responsible for the direction and growth of the private banking proposition for Santander UK.
With over 20 years’ experience in the UK wealth management industry, Ben was most recently Divisional Manager for South West and Central at Santander Private Banking, where he oversaw the development and implementation of the Private Bank’s strategy across the region, as well as the shaping of its brand and culture.
Prior to joining Santander, Ben spent over a decade at Barclays Wealth supporting private clients, charities and pension funds. His roles included Discretionary Portfolio Manager, Private Banker and Regional Head in the South East, where he gained strong experience working across a range of investment products and banking services.
Charlotte Platts, Head of Wealth, Santander commented: “I am delighted to appoint Ben as Head of Private Banking. His impressive track record alongside his customer-focused outlook will complement the role well and, as Santander increases its focus on its private clients, I am confident he will make a significant impact in expanding and enhancing our offering.”
Ben Covey added: “I am extremely excited by this new challenge and very much look forward to the opportunity to further develop Santander Private Banking.”
In 2012 Ben was named by industry body PAM in its ‘Top 40 under 40’ list of UK private banking industry professionals. He is also a Chartered Wealth Manager with the Chartered Institute of Securities and Investments.
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Ben Covey biography
2014-2019 - Divisional Manager, Head of South West and Central at Santander Private Banking
2009-2014 - Director, Regional Head London and the South East, Barclays Wealth
2007-2009 - Vice President, Desk Head, Barclays Wealth
2007-2007 - Private Banker – UK Clients, Barclays Wealth
2001-2007 - Investment Manager, Barclays Wealth
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. It has brought real competition to the UK, through its innovative products for retail customers and relationship banking model for UK SMEs. At 31 December 2018, the bank has c23,800 employees. It serves around 15 million active customers, via a nationwide branch network, telephone, mobile and online banking; and 64 regional Corporate Business Centres. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
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Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is the largest bank in the euro zone by market capitalization. At the end of 2018, Banco Santander had EUR 981 billion in customer funds (deposits and mutual funds), 144 million customers, 13,000 branches and 200,000 employees. Banco Santander made attributable profit of EUR 7,810 million in 2018, an increase of 18% compared to the previous year.
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