Ex-minister NRI Vadera to chair Santander Bank UK

Former UK finance minister Shriti Vadera, 52, has been appointed joint deputy chairman of Santander UK, becoming the first woman to head a major British bank. She will succeed Terence Burns in the role next March. She will also join an exclusive club of three FTSE 100 firms listed on the London Stock Exchange. Baroness Vadera was a Labour minister in the Cabinet Office, Business Department and International Development Department from 2007 to 2009, and served in the House of Lords. She spent 14 years at the investment bank UBS and 8 years as an adviser in the UK Treasury under former PM Gordon Brown. She left the government in 2009 to work with the G20 group, an international forum for the governments and central bank governors from 20 major economies. She has been on leave from the Lords since 2011, when she returned to corporate life taking non-executive roles at BHP Billiton and Astrazeneca. She hails from a wealthy tea plantation family from Uganda where she was born. Her family left the country when she was 10 and she was raised in India and the UK.