Howard Sherman has joined Spanish financial institution Banco Santander in a senior inventory execution function in London, reporting to the top of equities, Victor Cortes.
Most not too long ago he was employed by French lender Societe Generale as world co-head of money fairness execution, based on his LinkedIn profile. A Santander spokeswoman confirmed the transfer.
Santander is embarking on a €1bn cost-cutting programme throughout Europe. The area was struggling on the Spanish lender even earlier than the affect of the Covid-19 pandemic started to pummel Europe’s largest banks.
Sherman’s buying and selling profession within the metropolis has spanned over three many years, with stints at Financial institution of America’s Merrill Lynch, UBS, Morgan Stanley and Deutsche Financial institution.
The Spanish lender’s third quarter internet revenue of €1.75b beat analysts’ consensus because the financial institution promised to make an extra €1b in price cuts from its European enterprise within the subsequent 2 years. Fourth-quarter outcomes are due on 3 February.
Sherman has been contacted for remark.
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