Nathan Bostock

Nathan Mark Bostock (born October 1960) is a British banker, and the CEO of Santander UK.

Nathan Bostock
Born
Nathan Mark Bostock

October 1960 (age 60)
NationalityBritish
OccupationBanker
TitleCEO, Santander UK
TermSeptember 2014-
PredecessorAna Patricia Botín
Spouse(s)Married
Children2 sons

Early life

Nathan Bostock was born in October 1960.[1] He has a bachelor's degree in mathematics.[2]

Career

Bostock started his career training as an accountant with Coopers & Lybrand before working for Chase Manhattan Bank in risk analysis and interest rate derivatives from 1988 to 1992, rising to head of risk analysis and finance, treasury and interest derivatives (Europe).[3]

Bostock worked for RBS for nine years from 1993 to 2001, rising to head of risk.[3]

From 2001 to 2009, Bostock worked for Abbey National (now Santander UK), and was a main board director from 2005.[4]

In June 2009, Bostock returned to RBS as the "new right-hand man" to CEO Stephen Hester, tasked with trying to sell off non-core assets.[3] He joined RBS as head of restructuring and risk, later becoming group chief risk officer and then finance director. In 2011 he turned down a move to head up the wholesale division of Lloyds Banking Group, reportedly due to the ill-health absence of their chief executive, António Horta Osório.[5][6][4] He resigned after only ten weeks as finance director.[7][8]

Bostock joined Santander UK as deputy CEO in August 2014, and became CEO in September 2014, succeeding Ana Patricia Botín.[4][9]

In January 2018, the Liberal Democrat leader Sir Vince Cable stated in Parliament that Bostock had been responsible for RBS's Global Restructuring Group (GRG), when it had "engaged in an intentional strategy that resulted in mistreatment of business customers".[10]

Bostock received a £6.4m pay package in 2018.[11]

Personal life

Bostock is married, with two sons, and has a farm near Maidstone, Kent.[3]

References
  1. "Nathan Mark BOSTOCK - Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 19 January 2018.
  2. "Nathan Bostock, Santander UK PLC: Profile & Biography". Bloomberg. Retrieved 19 January 2018.
  3. "Saturday profile: Nathan Bostock". www.scotsman.com. Retrieved 19 January 2018.
  4. "Santander - Executive Directors - Santander UK". www.santander.co.uk. Retrieved 19 January 2018.
  6. RBS lines up Nathan Bostock as finance chief, Financial Times, 2 April 2013
  7. Treanor, Jill (10 December 2013). "RBS finance director Nathan Bostock resigns after 10 weeks in position". the Guardian. Retrieved 19 January 2018.
  8. Quinn, James (10 December 2013). "RBS finance chief Nathan Bostock quits after just 10 weeks". Retrieved 19 January 2018 – via www.telegraph.co.uk.
  9. "Santander UK appoints Nathan Bostock as new boss". independent.co.uk. 29 September 2014. Retrieved 19 January 2018.
  10. "Santander boss named in RBS scandal". 19 January 2018. Retrieved 19 January 2018 – via www.bbc.co.uk.
  11. "Santander CEO Nathan Bostock banks £6.4m pay amid branch closure plan". Sky News. Retrieved 2019-10-16.


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