The Spanish asset manager atl Capital Gestión de Patrimonios has made some senior appointments to its management board in a move designed to bolster the firm's strategic business plan.
Jorge Sanz Barriopedro, atl's CEO since the company's foundation in 2003, will now take on the role of executive president, while Guillermo Aranda, to the date managing director, will succeed Sanz as the firm's new CEO.
In line with this reshuffle, Jaime Espinosa de los Monteros has been appointed vice-chairman and president of atl's private banking division. To the date, Espinosa was holding the role of non-executive president.
José Javier Ramírez and Alejandra Hernández have been appointed new partners of the group. Ramírez has spent most of his career working at atl, where he has held different positions at the firm's admin department, being now head of it.
Hernández, deputy director of atl's commercial unit, joined the company in 2011 as a financial adviser from Banco Banif.
The moves are in line with the firm's five-year strategic plan that aims at reaching €3.6bn in AUM by 2023 while having more than 180 employees and continuing its business expansion across Spain. As at the end of 2018, atl had €1.56bn in AUM; 2,000 clients; and 91 employees.