Hector Sants

Sir Hector William Hepburn Sants (born 15 December 1955) is a British investment banker. He was appointed Chief Executive Officer of the Financial Services Authority in July 2007 and stepped down in June 2012. He took up a new position with Barclays Bank at the end of January 2013, but resigned from the bank on 13 November 2013.

Hector Sants was educated at Clifton College and from 1974 Corpus Christi College, Oxford, obtaining an MA in Psychology and Philosophy.

Sants joined the Research Department of the stockbroking partnership Phillips & Drew in 1977, and from 1978 to 1983 he was the Senior Analyst responsible for Food Manufacturing and Overseas Traders sectors. In this capacity he achieved considerable success, regularly featuring in institutional client surveys and becoming a partner in 1984.

In December 1984 he moved to New York where he was a Director of Phillips & Drew International, the New York subsidiary. In 1985 he became Managing Director of that operation. Phillips & Drew International was subsequently acquired by Union Bank of Switzerland and Sants was appointed First Vice President, responsible for the international securities activities of UBS Securities.

In January 1988, Sants returned to London where he became responsible for the worldwide coordination of research for the UBS investment banking operation. In September 1988, he became Vice Chairman of UBS Phillips & Drew Securities Ltd, renamed UBS Limited in 1993, initially responsible for all equity and equity-linked secondary activities in London and later, from 1996, responsible for all equity business in Europe, Africa and the Middle Near East. In 1994, with the formation of the Global Equity Management Committee of which Sants was a founding member, he also took collective responsibility for UBS's worldwide equity operations. In December 1997 he became Global Head of Equities but continued to retain direct responsibility for the European product. From 1998 he was also on the Executive Management Committee for all UBS wholesale activities in Europe.

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