Santander revolutionizes its structure of private banking, insurance and funds with signings, promotions and new areas. Your division of Wealth Management & Insurance, created four years ago, has undergone significant changes, with the Mariano Belinky’s departure from the manager, Alfonso Castillo’s promotion to private banking and the incorporation of Carlos Escudero to insurance.
In an internal communication that has advanced Bloomberg and that EL ESPAÑOL-Invertia has also been able to consult, Victor Matarranzthe leader of this division, assures that “we have made a new effort to consolidate our pool of talent, ensuring that we have the best possible talent to face this new stage of growth”.
In Private bankingand with the aim of giving a new impetus to business, Alfonso Castillo will assume global leadership of the segment, in parallel with his responsibilities in International Private Banking. Those responsible for private banking in the countries, in line with their government model, will report globally to Castillo, who in turn will report to Matarranz in this role.
Insurance “It’s one of the businesses with the greatest growth potential of the group, and to achieve this, it is essential to have a complete and homogeneous offer in all our geographies”, reads the statement. To promote the implementation of the offer and ensure good coordination with the countries, the Cantabrian group has created a new product unit that will report to Francisco del Cura and will be led by Carlos Escudero, who joins the group from Liberty Seguroswhere his last positions have been as president of the Andes region and CEO of Chile.
The most shocking comes from the asset manager. In Santander Asset Management, Mariano Belinky has decided to undertake new professional challenges outside of the group after three years as CEO of the company. In the coming months, he will join “a new top-level manager.” “In order to ensure an orderly transition and avoid losing the commercial momentum gained in recent months, as chairman of the SAM board I will temporarily assume its global leadership, until the person who replaces Mariano joins,” Matarranz advances.
New digital areas
In another order, given that “the transformation and digitization of the division’s businesses are a critical issue in this new stage”, Santander Wealth Management & Insurance has consolidated all digital issues in the new digital drive, reporting directly to Matarranz and led by Elena Gonzalez Blanco, who joined the group in september from CoverWallet (Aon Company).
Finally, since until now they did not have a unit of IT&Ops in the division, they have created a dedicated 100% to all the issues they have to develop. “This will give us a greater strategic vision as a global business and greater coordination of priorities in the countries, in order to accelerate our digital transformation.” For it, William Veigauntil now responsible for IT&Ops at SAM, becomes responsible for IT&Ops for the entire division, thus assuming a transversal role in the three businesses.