Santander UK chair to step down

Terry Burns is stepping down as chairman of Santander’s British business, the firm confirmed yesterday. Santander intends to have his replacement in place by the end of the year, as the UK business prepares for a stock market listing. Lord Burns left the bank’s Spanish board earlier this year. The firm is still awaiting the arrival of Nathan Bostock as deputy chief executive, after announcing in December it had lured him from RBS.

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