Santander UK

November 26, 2009 10:38 ET

Santander Asset Management Wins Gold Standard Award in Fund Management

LEICESTER, UNITED KINGDOM--(Marketwire - Nov. 26, 2009) - Santander Asset Management UK has been announced as the winner of the 2009 Gold Standard Award in Fund Management, in recognition of its commitment to fair practice and the principles of Treating Customers Fairly.

The Gold Standard Awards, which have been running for seven years, are designed to recognise and reward a select few within the UK financial services industry who have proven a commitment to their customers.

The Awards are judged by an independent panel of experts and measure the performance of financial services providers in five areas that are key to consumers and professionals when buying financial products and services – capability, service, fair value, trust and financial strength.

The win represents a huge achievement for Santander Asset Management, which formed on 1 January 2007 when it took control of the asset management companies previously owned by Abbey National. It has since performed a successful turnaround across the entire fund range and now offers a wide range of products for the UK high street as well as for a range of institutional clients.

Jeff Scott, Chief Executive of Santander Asset Management UK, said: "Santander Asset Management UK's approach has always been to embed the principles of Treating Customers Fairly within both our corporate culture and our day-to-day business operations and we are delighted that our commitment to customers has been recognised with this highly prestigious award.

"The values of capability, service, fair value and trust that the Gold Standard Awards embody are values which are integral to Santander Asset Management globally and we strive to promote them throughout every part of our business at all times, to enable us to best meet the needs of our customers. And our financial strength as part of Santander, one of the world's biggest banks, has provided our customers with both peace of mind and security during a period of great economic uncertainty. 

"This award is testament also to the successful turnaround of our fund range and restructuring of the business since the formation of Santander Asset Management UK in January 2007. We look forward to building on this success as we continue to grow the business and expand our distribution moving forward."

The Gold Standard Awards ceremony took place last night in the Members' Dining Room at the House of Commons.

For media use only and not to be relied on by consumers to make financial decisions. The value of investments may fall as well as rise and is not guaranteed. Past performance may not be repeated in the future.

Notes to editors

Statistics: Santander Asset Management as at 30 June 2009, bid to bid net with income reinvested.

Santander Asset Management is the asset management unit of Santander. With a presence in 13 countries, Santander Asset Management manages over EUR 105 billion with a team of more than 800 professionals, of which more than 220 are investment professionals.

Santander Asset Management is the leader in Spain and Latin America. (The largest manager of mutual funds and individual pension plans in Spain, and the fourth largest manager of mutual funds in Latin America). The presence of local investment teams gives Santander Asset Management the best equity investment platform in Latin America. 

Santander (SAN.MC, STD.N) is a retail and commercial bank, based in Spain, with operations in more than 40 countries. At the end of 2008, Santander was the largest bank in the euro zone by market capitalization and third in the world by profit. Founded in 1857, Santander had EUR 1,168 billion in managed funds at the end of 2008. Following the acquisition of Sovereign Bancorp of the U.S. in January 2009, Santander has 90 million customers, more than 14,000 branches – more than any other international bank – and over 180,000 employees. It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm. In 2008, Santander registered EUR 8,876 million in net attributable profit, an increase of 9 per cent from the previous year excluding capital gains.

In the UK, Santander operates three retail businesses – Abbey, Alliance & Leicester who provide competitive mortgages and savings products, and Bradford & Bingley. Together they have over 1300 branches, around 4,500 cash machines and they provide a full range of retail and corporate banking services to 24 million customers. For more information visit http://www.santander.co.uk.

Abbey, Alliance & Leicester and the savings business of Bradford & Bingley will all become known as Santander by the end of 2010. Abbey and the savings business of Bradford & Bingley will be rebranded from the first quarter of 2010 and Alliance & Leicester will follow later in the year. The move will deliver a significant advantage for customers as they will be able to use any of 1,000 Santander branches from early 2010, rising to over 1,300 by the end of 2010. 

The Bradford & Bingley logo is a trade mark of Bradford & Bingley plc and is used under licence.

Contact Information

  • Media contacts
    Santander Asset Management UK
    Siobhan O'Shea, Media Relations
    0207 756 4189
    or
    The press office operates from 8.00am to 6.00pm.
    Outside of these hours please call 0800 5877708.