Career in The Financial Sector
Sandler was Chief Executive at Lloyd's of London from 1995 until 1999. Sandler spent the period between October 1999 and March 2000 as a director and chief operating officer of NatWest bank, unsuccessfully attempting to defend it during its 1999 takeover, on a salary of £450,000. Sandler resigned following the takeover of NatWest bank by the Royal Bank of Scotland, joining the board of Computacenter as a non-executive director on May 26, 2000. In March 2001, Sandler succeeded Computacenter co-founder Philip Hulme as Chairman of the board. In June 2001 the then chancellor Gordon Brown asked Sandler to carry out a review of the savings industry, known as the Sandler Review. The report, published in 2002, called for a simplified range of savings products with a reduced level of commission, but its conclusions were rejected by the Treasury.
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