Full capital protection for Cater Allen's structured products

Catering to the cautious

jonathan-banks
Jonathan Banks

While French bank Société Générale benefited from buying the quintessentially English Hambros Bank, boosting its British credentials in the process, Cater Allen is another English name that is now allied to a large foreign bank - in this case, the UK division of Spain's Santander, which acts as the sole counterparty for Cater Allen's products. "Being a wholly owned subsidiary of Santander UK is a big advantage," says Jonathan Banks, structu