Stephen Jones has been appointed as chief executive of the new financial trade body UK Finance, set to launch this summer.
UK Finance will merge six associations together: The Asset Based Finance Association (ABFA), British Bankers’ Association (BBA), Council of Mortgage Lenders (CML), Financial Fraud Action UK (FFA UK), Payments UK and the UK Cards Association (UKCA).
As chief executive of the new organisation, Jones will lead the development of UK Finance which has secured premises at Angel Court in London.
Jones has close to 30 years of experience working in financial services including at companies such as Santander, Barclays, Citigroup and asset management firm Schroders.
He is currently a senior adviser to Cerberus, working primarily in the financial services sector in northern Europe.
Prior to this he was Santander UK’s chief financial officer and a member of the Santander UK Board until October 2015.
Whilst working for Santander UK, he served as a member of the advisory council of CityUK, the Practitioners’ Panel of the Financial Conduct Authority and the board of the BBA.
Jones said: “I am excited to be joining UK Finance at this formative time, and believe that the expertise and reach of the constituent organisations will be deepened by coming together.
“We will serve our members by helping them build a more customer-focused and innovative finance and banking sector for the benefit of the UK economy as a whole."
Bob Wigley, chairman of UK Finance, said: “He (Stephen) will bring drive and focus to the integration, and has the experience and vision to develop UK Finance into a world class organisation working on behalf of its members and millions of customers, small and large, across the financial services sector.”