Looking to hire seasoned professionals to beef up the US and UK.
Banco Santander is looking to expand its investment bank, primarily by hiring senior investment bankers and bolstering its operations in the U.K. and U.S.
The Wall Street Journal reports that while one of the world’s larger lenders, the bank is not traditionally seen as a big player in investment banking. However it is aiming to bring its U.K. and U.S. investment banking businesses up to the same strength as Brazil or Spain, its traditional hubs, according to a person familiar with the bank’s plans.
The bank has also begun a review into its trading businesses in Madrid and London, the person added, with the aim of hiring more experienced staff. Santander also plans to launch a cash management service in continental Europe.
In a presentation to investors on Wednesday, Jacques Ripoll, head of global corporate banking, said the bank aims to add 'stronger coverage and sector knowledge with additional senior bankers'.
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