Santander strategic review halts Cater Allen structured product issuance
Santander's UK private banking arm Cater Allen has ceased issuing structured products while a review takes place
UK-based distributor Cater Allen has stopped issuing structured products because parent company Santander is carrying out a strategic review of its investments and structured products divisions.
The last structured products launched by Cater Allen closed on April 4 and no further issues are expected in the near future. Santander UK has also reportedly made hundreds of branch-based sales advisers redundant and is selling structured products via online channels only.
"Santander is currently
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