Pros
Strong brand recognition Access to a broad corporate client base Some highly capable individuals at working level Well-resourced systems and infrastructure (in theory)
Cons
Santander has confused motion with progress, control with competence, and fear with leadership. Senior “relationship” roles are measured almost entirely on two Salesforce optics: face-to-face client visits and a mandatory daily face-to-face corporate prospect meeting of “scale”. Business development optics is prioritised ahead of actual business development, client delivery, judgement, continuity, or outcomes. Writing credit, developing a corporate book, or exercising professional judgement is secondary to theatre. The model assumes a daily corporate prospect meeting, as if complex relationships materialise on demand. Failure to achieve this is treated as underperformance rather than evidence that the expectation itself is incoherent. Salesforce is treated as the primary output of the role, with obsessive demands for real-time updates used to berate staff rather than manage relationships. Relationship depth and proper relationship management are effectively absent. Despite constant insistence that Santander is a “relationship bank”, the operating model actively prevents relationships from forming. Repeating the label does not make it true. Credit, pricing and even routine client decisions are fully centralised. You rarely deal with the same credit manager twice, guaranteeing no continuity, no context, and no accountability. Responsibility sits with people prevented from making decisions; authority sits with committees that never own outcomes. This is presented as governance. Decision-making becomes constant escalation. Speed and visibility are rewarded. Resolution is optional. Many of the expectations imposed would only make sense to someone who has never worked in corporate banking. The bank describes this as relationship banking. It is not. It is sales theatre enforced by fear, administered by committee, and measured by optics. The result is predictable: frustrated clients and long-serving employees openly describing this as the worst the organisation has looked in more than a decade.