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Santander Asset Management to open branch in Germany
Press Release Santander Asset Management to open branch in Germany Madrid, 14 January 2013. Santander Asset Management, Grupo Santander’s global asset management unit, will open a branch in Germany after receiving authorization from BaFin (the German regulator). The new office will open in Frankfurt over the coming weeks. With this new office, Santander Asset Management positions itself in the German market to support the distribution of funds and investment portfolios through Santander Bank’s retail network, which has 170 branches and over one million customers. Moreover, it represents a unique opportunity to grow in the German institutional market, where over 600 million euros in Spanish covered bonds and Latin American fixed income mandates are managed by Santander Asset Management’s Spanish and global investment teams, respectively. Juan Alcaraz, Santander Asset Management’s global CEO, said: “The new branch in Germany is part of Santander Asset Management’s strategy to grow as a global asset management company. Entering one of the largest economies in the European Union and one of the most competitive and specialized asset management industries in Europe enhances our position in the region.” For the past year, Santander’s retail network in Germany has been offering six products managed by Santander Asset Management’s global investment team: two European fixed income funds, one European equities fund and three risk profiled funds that make up the recently created Santander Select Fund family, all of which belong to the Luxembourg domiciled SICAV range. With this product offering, the new Santander Asset Management branch in Germany will start to operate with assets in excess of 100 million euros. Stefan Jochum will head up the Frankfurt branch. Mr. Jochum joined Santander Asset Management last year from Staedel Hanseatic, where he was Chief Executive Officer for Germany. He previously worked in other management positions at AXA, Winterthur and Dresdner Bank. The branch will initially employ a team of 11 people, offering investment advisory, market research and commercial support in the distribution of funds. ------------ o ----------- Santander Asset Management, Grupo Santander’s global asset management unit, is present in 11 countries* in Europe, Latin America and North America and has assets under management of over EUR 140,000 million. Within the asset management business, Santander Asset Management manages all types of investment vehicles, such as mutual funds, pension funds, investment companies and discretionary portfolios, which invest in a wide range of underlying assets. Management isComunicación Santander Asset ManagementCiudad Santander Avda Cantabria s/n28660 Boadilla del Monte Madrid.Tel. 34 91 289 52 11
mainly focused on European and Latin American markets, where Santander’s local presence provides a better understanding of the market. Santander Asset Management has a team of over 550 professionals, of which 265 are part of the investment team, with an average of over 10 years’ experience in management. The investment process, together with strict risk control and a high capacity for innovation in valueadded products to customers, are Santander Asset Management’s main differentiating factors. * Argentina, Brazil, Chile, Germany, Luxembourg, Mexico, Poland, Portugal, Puerto Rico, Spain and United Kingdom. Figures as at the end of September 2012Comunicación Santander Asset ManagementCiudad Santander Avda Cantabria s/n28660 Boadilla del Monte Madrid.Tel. 34 91 289 52 11