May 20, 2024

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Santander reserves $250 million for US investment banking expansion |  Companies

Santander reserves $250 million for US investment banking expansion | Companies

President of Santander Bank, Ana Botín.Evie

Santander has committed $250 million to boost the expansion of its institutional and investment bank over the next two years, according to Santander. Financial Times.

The entity has appointed more than 100 bankers this year, most of them American, about half of whom come from Credit Suisse. “The potential to accelerate growth in the United States was a logical opportunity for us,” he said. foot Anna Botín, CEO of Santander. “What we want are people who fit our culture.”

“The business we run is completely different from that of other investment banks,” Putin explained. “It is above all an institutional bank, and now we are adding commission business, focusing on areas where we are strong such as renewables and infrastructure. “We already provide financing, but if we want to deepen relationships with clients, we have to give them access to dollar markets , strategic advice, access to capital markets and structured transactions.”

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