Spain’s Banco Santander mutual funds AUM reached €141bn by the end of September, which represents a 15.3% increase over the same time a year ago. In the first nine months of the year, Santander’s net fee income from mutual and pension funds totaled €195m, up by 2.7% year-on-year. In Spain, mutual and pension funds increased […]
Santander InnoVentures, the London based fintech venture capital fund of Santander Group, has secured a further $100m in funding from the group’s balance sheet. Launched in 2014, the fund is now set to deploy a total of $200m — up from the $100m originally allocated — in minority stakes in financial technology startups. The fund […]
Deutsche Bank shares experienced a roller coaster ride this week, following a price drop of almost 10 percent on Monday, they now shot up by up to 14 percent, amid reports that the group was planning a multibillion buyback of its senior debt. As the Financial Times reports, Deutsche is said to focus its buyback […]
Natixis Global Asset Management has strengthened its marketing team with the hire of Natalia García Martín-Andino, the local trade press has revealed. García Martín-Andino joins from Santander AM, where she has worked in the marketing and communication team for 19 years. Her appointment aims at boosting Natixis’ Iberian and Latin American business. At the end of […]
Portugal’s private bank Santander Totta, a subsidiary of Spain’s Banco Santander, has announced the acquisition of Banco Banif for €150m. Banco Santander Totta will increase its market share in the Portuguese market by 2.5 points thanks to the acquisition. Loans and deposits will also rise by 14.5%, making the Spanish subsidiary the second private bank in Portugal thanks […]
UBS’s Italian arm has announced its intention to buy Santander Private Banking, a unit of Spanish bank Santander in Italy. The Spanish private banking unit currently manages €2.7bn, the Swiss banking group said in a statement viewed by Reuters. The value of the deal was not disclosed, but it is expected to close in the […]
BNY Mellon has been appointed by Banco Santander Chile as the successor depositary bank for its American depositary receipt (ADR) programme. Each ADR represents 400 ordinary shares and trades on the New York Stock Exchange under the symbol ‘BSAC.’ Santander Chile’s ordinary shares trade on the Santiago Stock Exchange under the code ‘BSANTANDER.’ As of […]
Adela Martín is reported to be leaving her post as head of Private Banking at Bankinter to go to Santander. According to the Spanish trade press, the manager will soon be joining Santander, where her new role has not been clarified yet. Martín has been head of Privat eBanking at Bankinter since October 2009. It […]
Spain’s BBVA Asset Management has launched BBVA Oportunidad Acciones IV, a passive fund with annual profitability. The fund will track the performance on the Spanish stock exchange of Telefónica, Repsol and Santander. The fund is the fourth version of a series of funds tracking those companies performance that was originally launched in February this year. […]
At the end of June, total industry’s AUM in Spain increased by 6.3% in Q2 2014, industry association Inverco has revealed. BBVA Group was still at the top of Inverco’s ranking of asset management companies in Spain with total AUM €48.6bn, some €29bn of which were in asset management services and €12.6bn in pension funds. […]
Banco Santander has entered into a definitive agreement with Finesp Holdings, an affiliate of global private equity firm Warburg Pincus to create a leader in the custody business.
Petercam has obtained the authorization for distributing its Luxembourg Sicavs Petercam L Fund in Italy.