Spain’s Banca March creates unit for institutional investors

Banca March has created the Financial Institutions Group (FIG) unit with the aim to become a reference for institutional clients within the Spanish banking sector.

The new unit will focus on two type of customers. On the one hand, those entities regulated by the National Securities Market Commission (CNMV, in Spanish), such as asset managers or independent advisory companies (Eafis, in Spanish). On the other, institutions regulated by the General Directorate of Insurance (DGS, in Spanish), such as insurers.

The first group of clients can access services including execution of third party funds, credit operations, treasury, creation of funds and Sicavs and other auxiliary services such as administration, depository and custody of securities.

The second group can benefit from solutions such as portfolio management or alternative liquidity products.

The new division will expand the bank’s range of services, and will complement the business lines of private banking, commercial banking and corporate banking.

ABOUT THE AUTHOR
Alicia Villegas
Alicia Villegas speaks Spanish and Italian and is Iberia Correspondent for InvestmentEurope. She was shortlisted for the Rising Star Award at the British Media Awards 2017 and Writer of the Year at the PPA Independent Publisher Awards 2016. Previously, she worked for almost three years at the seafood business website Undercurrent News as a market reporter. In Spain, she also worked for more than five years for several media outlets.

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