(Bloomberg) — Banco Santander SA made a number of appointments at its wealth administration and insurance coverage division as a part of adjustments carried out by the brand new head of that enterprise at Spain’s largest lender.
Santander will mix its different investments and funding platforms items, which shall be built-in into asset administration, with Carlos Manzano in cost. He’ll report back to Samantha Ricciardi, head of Santander Asset Administration, in keeping with an inside memo seen by Bloomberg.
A Santander spokeswoman declined to remark.
The appointments are a part of a reshuffle being carried out by Javier Garcia-Carranza after he was named as world head of wealth administration and insurance coverage in Could. That division is among the financial institution’s 5 world items and has €480 billion ($526 billion) underneath administration. It reported €417 million of revenue attributable to shareholders within the second quarter, and contributed with 6% of the financial institution’s income.
Learn Extra: Santander to Reshuffle Personal Banking, Asset Administration Models
Marcos Fernandez shall be chief working officer of the division and Antonio Faz shall be head of authorized, whereas Alfonso Castillo, the worldwide head of personal banking, has moved to Spain from Miami. The financial institution additionally picked Jaime Rodriguez Andrade to launch the brand new Santander Retirement Providers enterprise.
The top of personal banking in Spain, Adela Martin, was appointed head of enterprise globalization within the wealth administration and insurance coverage division final month, in keeping with her LinkedIn profile. The financial institution tapped CaixaBank SA’s Victor Allende to switch her.
