Banco Santander bolsters securities finance team 02 September 2021UK Reporter: SFT
Image: Simon Picton
Simon Picton has joined Banco Santander as head of securities finance UK, based in its London office.
He holds responsibility for secured funding relationships, securities lending and hedge fund financing.
Picton will report to Javier Gozalo de la Cruz, head of Institutional sales UK, Banco Santander London Branch.
Picton left Morgan Stanley in December 2019 as part of restructuring initiatives by the US bank across its secured funding desk.
He joined Morgan Stanley from Euromoney Institutional Investor in 2013 as part of its secured funding and bank resource management team
Commenting on the appointment of Picton, Cruz tells Securities Finance Times: “We are very pleased that Simon has joined the team. He will bring his more than 12 years of experience in the securities finance industry to help further our efforts in offering best in class service to our clients and counterparties.”
Cruz continues: “He has extensive experience in secured funding strategy, client financing and securities lending.”
“Banco Santander continues to view securities financing as a key business line to enhance our partnership with both bank and buy side clients, and the hiring of Simon Picton is a direct investment into expanding both the scope of products and clients we cover from our London branch,” adds Cruz.
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Image: Simon Picton 