Santander UK today announces the appointment of Rakshit Kapoor as Chief Data Officer for Santander UK and Head of Data Transformation for Europe.
In his UK role, Rakshit will be responsible for developing Santander’s data strategy, organisation, operating model, technology and governance. This will include leading the creation of a data and analytics centre of excellence, bringing together multiple disciplines from across the bank into a single team.
In his European role, Rakshit will partner with Santander’s other European Chief Data Officers to harmonise approaches to data and analytics across Europe, helping the region to reuse business services, share innovation and operate more efficiently.
Rakshit brings over two decades of experience in senior data and IT roles, having most recently served as Group Chief Data Officer at HSBC, where he was responsible for the development and implementation of HSBC’s group-wide data and analytics strategy.
Prior to that he held roles at US insurance company Travelers, where he was Global CIO for Data, Analytics, and AI/Robotic Process Automation, and at JP Morgan, where he was Managing Director, Data Management and Analytics.
Rakshit will join Santander on 1 February 2021, reporting to Iain Plunkett, Chief Operating Officer, for his UK role, and Cristina San Jose, Global Head of New Models & Data Unit, for his European role.
Tony Prestedge, Santander UK Deputy CEO said: “I am very pleased that Rakshit will be joining the team. Harnessing the power of data to improve our products and services for customers will be critical in delivering our ambition to be a digital bank with a human touch. Rakshit’s experience and expertise will be a huge asset as we develop our data strategy and put data-driven insight at the heart of our decision-making.”
Rakshit Kapoor said: “I am very excited to be joining Santander, a digital leader in the banking sector. I am really looking forward to being part of its ongoing transformation and joining such a talented international team.”
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Notes to Editors
Photo available on request
Career history
2017–2020 HSBC
Global Chief Data Officer
2014-2017 TRAVELERS
SVP, CIO, Business Intelligence and Analytics
2011-2014 JP MORGAN CHASE
Managing Director, Data Management and Analytics
2007-2011 TIAA
2009-2011 Vice President, Enterprise Data & Information Management
2007-2009 Director, Master Data Management
2004-2007 AVAYA
Director of IT & Global Operations
1998-2004 ORACLE
Senior Principal
1998 HUGHES NETWORK SYSTEMS
Senior Analyst
Santander UK is a financial services provider in the UK that offers a wide range of personal and commercial financial products and services. At 30 June 2020, the bank had around 23,000 employees and serves around 14 million active customers, via a nationwide branch network, telephone, mobile and online banking. Santander UK is subject to the full supervision of the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) in the UK. Santander UK plc customers’ eligible deposits are protected by the Financial Services Compensation Scheme (FSCS) in the UK.
Banco Santander (SAN SM, STD US, BNC LN) is a leading retail and commercial bank, founded in 1857 and headquartered in Spain. It has a meaningful presence in 10 core markets in Europe and the Americas, and is one of the largest banks in the world by market capitalization. Its purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising over €120 billion in green financing between 2019 and 2025, as well as financially empowering more than 10 million people over the same period. At the end of the first half of 2020, Banco Santander had more than a trillion euros in total funds, 146 million customers, of which 21.5 million are loyal and 40 million are digital, 11,800 branches and 194,000 employees.