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

Santander UK Santander UK plc (, ) is a British bank, wholly owned by Banco Santander, a Spanish bank. Santander UK plc manages its affairs autonomously, with its own local management team, responsible solely for its performance. Santander UK is one of th ...

, until leaving the role in 2022.

Early life

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

Career

Bostock started his career training as an accountant with

Coopers & Lybrand PricewaterhouseCoopers, also known as PwC, is a multinational professional services network based in London, United Kingdom. It is the second-largest professional services network in the world and is one of the Big Four accounting firms, along ...

before working for

Chase Manhattan Bank JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding ...

in risk analysis and interest rate derivatives from 1988 to 1992, rising to head of risk analysis and finance, treasury and interest derivatives (Europe). Bostock worked for RBS for nine years from 1993 to 2001, rising to head of risk. From 2001 to 2009, Bostock worked for

Abbey National The Abbey National Building Society was formed in 1944 by the merger of the Abbey Road and the National building societies. It was the first building society in the United Kingdom to Demutualisation, demutualise, doing so in July 1989. The ba ...

(now

), and was a main board director from 2005. 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. 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 Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds B ...

, reportedly due to the ill-health absence of their chief executive, António Horta Osório.RBS lines up Nathan Bostock as finance chief
''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and also published digitally that focuses on business and economic Current affairs (news format), current affairs. Based in London, the paper is owned by a Jap ...

'', 2 April 2013 He resigned after only ten weeks as finance director. Bostock joined Santander UK as deputy CEO in August 2014, and became CEO in September 2014, succeeding Ana Patricia Botín. 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". Bostock received a £6.4m pay package in 2018.

Personal life

Bostock is married, with two sons, and has a farm near

Maidstone Maidstone is the largest Town status in the United Kingdom, town in Kent, England, of which it is the county town. Maidstone is historically important and lies east-south-east of London. The River Medway runs through the centre of the town, l ...

, Kent.

References

1960 births Living people British bankers British chief executives of financial services companies Banco Santander {{UK-business-bio-1960s-stub