Santander

Would look at them as a wildcard right now. 
Very exciting place to be at with the heavy CS poaching and recruitment in general. Definitely a lot of potential and it seems like they’ve been very profitable too. 

That being said such extreme growth always comes with significant risks. Lots of recruitment of heads right now who will need teams - and we still don’t know how much of their business will really follow them to a less established name. It’s slightly offset perhaps by their large balance sheet and expanding alternative investments (creating guaranteed internal demand - they seem to be in for acquiring abrdn too) but this sort of expansion in this kind of market will always bring about some degree of risk. 
 

Also I hear pay is below street, so they may be recruiting too talent heavily right now - but when the big banks re-start their recruitment process you have to question how many would really stick around.

If they move pay up over the next year or two though they could move into the same space as RBC/Nomura