As Part of the Presentation of Its Annual Results, Gonzalo Gortázar, CEO of CaixaBank, Was Asked About the Institution’s Intentions to Grow Outside Spain, Specifically Regarding the Possibility of Opening a Branch in Miami to Serve the Wealth Management Segment. According to What He Acknowledged, For Now, the Institution Is Analyzing It, but Has Not Yet Made a Decision.
“We Have Not Made Any Decision, and It Would Not Be Anything Significant. We Are Not in a Program of Making Acquisitions and Large Investments Abroad. The Only Thing It Would Be, in Any Case, Is to Accompany Our Private Banking Clients; but It Is Not Something That Has Financial or Material Relevance for the Group,” He Clarified in This Regard.
However, He Did Affirm That the Private Banking Business, Which the Institution Refers to as Wealth Management, Is Strategic and Very Important for CaixaBank. “We Have Many Years of Growth and Innovation, Including Our Opening of a Bank in Luxembourg, Which Is Going Very Well, Where We Now Have 5 Billion Euros, and Which Celebrated Its Five-Year Anniversary in 2025. It Celebrated, Last Year, Its Five Years of Existence. Miami Would Represent an Addition to That Strategy, if We Ultimately Decide That It Adds Value to Our Current Business,” He Stated.
According to Gortázar, There Is Currently a Business Opportunity for Private Banking Institutions: “Evidently, There Is a Flow of Immigration and of People From Latin America to Spain at All Levels, Including High-Net-Worth Individuals. How to Provide Them With the Best Service Is the Only Question We Are Reflecting On. But That Will Not Result in Any Material Investment That Moves the Needle.”
Wealth Management Segment
Currently, CaixaBank’s Wealth Management Business Has an International Presence Mainly Structured From Luxembourg, Where It Has a Specialized Bank (CaixaBank Wealth Management Luxembourg) to Serve Clients With Wealth Management and Investment Needs in an International Financial Environment. In Addition, at the Group Level, Its Presence Outside Spain Is Especially Reinforced in Portugal Through Banco BPI, Which Also Serves High-Net-Worth Clients With Its Local Private Banking/Wealth Offering.
