The changes and restructuring at Santander Asset Management (SAM) continue. The asset manager has decided to merge its operations with the alternative investment platform and appoint Carlos Manzano as the head, who will report directly to Samantha Ricciardi, head of the firm, according to Bloomberg and confirmed by Funds Society.
In May 2023, the bank launched its alternative asset manager, Santander Alternative Investments (SIA), appointing Luis García Izquierdo as CEO and Borja Díaz-Llanos as CIO. The asset manager communicated this integration of businesses and the appointment of Carlos Manzano, who replaces Luis García Izquierdo, to its employees via an internal memo. These changes come after the appointment of Javier García Carranza as head of Asset Management, Private Banking, and Insurance at Santander in May of this year.
Manzano’s new responsibilities are not the only recent developments at the company. The asset manager has made additional changes. Marcos Fernández has been appointed Chief Operating Officer of the division, and Antonio Faz has been named head of Legal, while Alfonso Castillo, Global Head of Private Banking, has relocated to Madrid from Miami.
Additionally, the bank has selected Jaime Rodríguez Andrade to launch its new Santander Retirement Services business.
Other recent changes include Adela Martin, currently Head of Private Banking in Spain, who was appointed last month as Head of Business Globalization for the wealth management and insurance division, and the hiring of Víctor Allende, formerly of CaixaBank, to lead client advisory services in the private banking division.
