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BAFT Names New Chair of Transaction Banking Global Leaders Group

BAFT has announced Jose Luis Calderon, global head of global transaction banking at Santander, as the new chair of its Transaction Banking Global Leaders (TBGL) group.

WASHINGTON — Jose Luis Calderon, global head of global transaction banking at Santander, succeeds Diane Reyes, group general manager and global head of global liquidity and cash management at HSBC, who led the group for the past two years.

The TBGL brings together the leaders of the industry’s largest transaction banks to discuss solutions to common points of interest where cross-industry collaboration is required. Current topics of discussion include regulatory compliance, financial crime mitigation, payments and trade innovation, IBOR transition, human capital development and increasing the profile of the transaction banking industry.

“I am thrilled with the opportunity to chair BAFT’s Transaction Banking ‎Global Leaders Group at such challenging times,” said Calderon. “Our industry has proven essential to maintaining companies’ access to banking services, controlling their liquidity and funding their working capital needs, and ultimately, being close to our clients when they most need us.”

Calderon joined Santander in 1997 and has held various positions in Santander Corporate & Investment Banking (Santander CIB) division. Since 2004, Calderon has occupied different management roles within Santander CIB, acting as product manager of GTB Europe, head of GTB Iberia and head of GTB Europe until 2014, when he was appointed global head of global transaction banking managing a team of more than 500 professionals. He holds a bachelor’s degree in economics and business administration from Universidad de Cantabria, and is a member of various international bodies such as the SWIFT Board and IBOS Association.

“Jose has been an active and valuable contributor to the TBGL since he joined five years ago, and has been an important leader in the transaction banking industry more broadly,” said Tod Burwell, BAFT president and CEO. “The industry is facing unprecedented challenges at this time, and collaboration is paramount to moving forward. We look forward to the future under Jose’s leadership.”

The group includes 18 institutions from across multiple continents, bringing geographic diversity and balance to the industry dialogue. Participants collectively represent a significant share of the transaction banking services offered by financial institutions.

About BAFT
BAFT, the leading global financial services association for international transaction banking, helps bridge solutions across financial institutions, service providers and the regulatory community that promote sound financial practices enabling innovation, efficiency, and commercial growth. BAFT engages on a wide range of topics affecting transaction banking, including trade finance, payments, and compliance. The association website is


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