Santander UK announces the launch of Santander Private, a new service dedicated to providing owners and entrepreneurs.
Santander Private offers bespoke services to clients with investments and savings of over £500,000, or an annual income of more than £250,000. Clients will be supported by a dedicated private banker, one of over 40 specialists based across the country, who can provide advice and access to a range of exclusive services across banking, lending, investment and financial planning products.
The team will be led by Charlotte Platts, Head of Santander Private, who joined Santander UK last year with over 25 years’ experience in Private Banking and Wealth Management.
Santander Private will leverage the strengths of Santander Group’s private banking offering and presence in other markets internationally. It will be committed to identifying opportunities to protect and grow clients’ wealth over the long term.
Clients will have access to digital online banking services and a dedicated support from specialist contact centres which are available 24 hours a day, seven days a week managing day to day banking queries and transactions. In addition, clients can visit over 12,000 Santander branches in 12 countries across the globe.
Charlotte Platts, Head of Santander Private, commented: “The launch of Santander Private is a significant step for our Wealth Management business. The introduction of this latest service is a natural progression in our Wealth model, which has grown significantly following the success of the Select offering and the launch of our Investment Hub aimed at making investments more accesible.
“Santander’s move into the private banking sector has been driven by strong demand from clients, particularly from within our corporate bank, requiring tailored solutions that match their financial goals. Our priority is offering an exclusive, personal service that clients can trust – banking that looks after them.”
In addition, Santander Private clients, along with Select customers, can benefit from the new World Elite MasterCard. The credit card is designed to offer a world of travel benefits, making it an ideal companion for our customers wherever they are in the world.
Charlotte Platts, Head of Santander Private, added: “We’re delighted to offer the World Elite MasterCard in conjunction with our Santander Private launch.”
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Notes to Editors:
1. Eligibility: To be a Santander Private customer you:
- have a current account with us, and
- you meet one of the following criteria:
- have £500,000 savings or investments; and/or
- an annual income of £250,000.
For more information: http://www.santanderprivate.co.uk/
2. The World Elite Mastercard is a credit card available to Santander Select and Private Banking customers and is ideal for people who like to travel and like to be rewarded. It’s an invitation to a world of benefits whether you’re home or abroad.
With the World Elite Mastercard for £15 per month offers include:
- Unlimited airport lounge access at over 800 lounges with LoungeKey
- Access to over 1 million Wi-Fi hotspots worldwide with Boingo
- A 40% online discount on Santander Travel Insurance
- Mastercard Concierge available to you 24 hours a day 7 days a week when using your card (fees and charges may apply)
- No foreign transaction fees on purchases or cash withdrawals made abroad when using the local currency option
- 0.5% cashback on purchases (on maximum spend of £3,000 per month)
- 0% on purchases and balance transfers for 18 months from the date of account opening, with no balance transfer fee to pay
At the end of the 0% period a 3% balance transfer fee will apply to any new balances transferred. Interest will be charged on new purchases and any outstanding balance transfer and purchase balances at the standard purchase rate of 18.9% p.a. (variable).
0% p.a. on card purchases for 18 months followed by 18.9% p.a. (variable) on card purchases. This is equivalent to 49.8% APR representative (variable) based on an assumed credit limit of £1,200. Monthly fee: £15.
Eligibility: To be eligible for a Santander World Elite Credit you need to be over 18 and a UK resident.
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 2016, the bank serves around 14 million active customers with c20,000 employees and operates through 841 branches (which includes 60 university branches) and 67 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 are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, headquartered in Spain, with a meaningful market share in 10 core countries in Europe and the Americas. It is among the world’s top banks by market capitalization. The bank’s purpose is to help people and businesses prosper, in a way that is simple, personal and fair. Founded in 1857, Santander had EUR 1.52 trillion in managed funds, 125 million customers, 12,200 branches and 188,000 employees at the close of 2016. Santander made attributable profit of EUR 6,204 million in 2016, an increase of 4% compared to the previous year.
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