He will be above Blázquez (Beka Values) as global head of private banking. His portfolio is estimated at around 200 million euros.

He will be above Blázquez (Beka Values) as global head of private banking.  His portfolio is estimated at around 200 million euros.

He will be above Blázquez (Beka Values) as global head of private banking. His portfolio is estimated at around 200 million euros.

Beka Finance headquarters in Calle Serrano, Madrid.

Barely a year after incorporating José Luis Blázquez to set up its private banking, the independent financial group Beka Finance has signed Santiago Vivas, from Indosuez Wealth Management (Crédit Agricole)to relaunch this business as new global head of private banking

This high-net-worth banker, a member of the family that sold the nursing home group Ballesolhas spent his entire career at Crédit Agricole Indosuez, since the partners of Mercapital and CA Indosuez bought Banco Industrial del Tajo and CA Indosuez Spain was created.

He has always been linked to the management of great fortunes and, more than 20 years ago, the group sent him to Luxembourg as a banker to attend to the Spanish clients guarded in the Grand Duchy square. Later, he was made responsible for Spain, Italy and Portugal.

Together with his team, he managed some 2,000 million euros of Spanish clients from Luxembourg, although financial sources and related professional services estimate that his personal portfolio, which is likely to move to Beka, amounts to 200 million.

According to several of the sources consulted, Vivas would join the parent company of the investment bank, Beka Finance, and not the subsidiary Beka Values, which is the one that Blázquez currently directs as CEO. Although others refer that it would be rather the second option.

First goal, 1,500 million

From Beka Finance they maintain that Blázquez continues as the chief executive of Beka Values, since the president of this subsidiary, which is a non-executive position, is Carlos Stilianopoulosin turn CEO of the holding company.

Regardless of the company that hosts it in its structure, what seems certain is that, in practice, Vivas will be above Blázquez, a movement aimed at taking off the business of the wealthiest clients and accelerating its growth. He will develop his new work from the ‘headquarters’ in Madrid’s Calle de Serrano.

Beka Values ​​was presented in society last May, and its business plan is to manage 1,500 million euros in three years and 7,000 million by 2030. In five years, it would have hired between 25 and 30 financial agents. At the moment, it only has two: Alvaro Mus and Juan Jose Povedanoas published by EL ESPAÑOL-Invertia.

However, the firm has been strengthened in other related areas: David Azcona (Investment Director), Isca Noguera (director of Estate Planning and Legal Advice) or Paula Toledowhich has set up a philanthropy advisory service.

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