Former Santander UK Plc CFO Stephen Jones will join as a senior adviser in August, Sky News reported.

In his new role for the U.S.-based private equity firm,Jones will identify and pursue acquisitions in the U.K. and Europe, accordingto the July 13 report.

Jones, who left Banco Santander SA's British unit a year ago, is said tohave declined Co-operative BankPlc's offer to become its CEO.