Abbey for Intermediaries has appointed Miguel Sard as its new managing director.
The appointment is subject to FSA authorisation. Sard previously held the position of chief executive of Santander Insurance Services in the UK.
He has been at Santander since 2007 and takes over from Alan Matthewson, who will retain responsibility for the interim management of the bank’s branch network, agencies and telephone service. Matthewson will take on a broader role in the UK retail distribution business when Charlotte Hogg, who will become head of retail distribution and intermediaries, arrives in the summer.
Sard says: “We are committed to becoming the intermediary lender of choice and I look forward to building upon the strong momentum of the past year as we continue to support the market with great products and service.”