Santander Asset Management is changing its organizational structure. As confirmed by Funds Society, the firm has created two hubs, with the aim of strengthening coordination efforts as well as relationships with banks and local customers.
In charge of the European hub will be Lázaro de Lázaro, and Luis García Izquierdo is to lead the Latin American one.
Lázaro de Lázaro was until now responsible for the Santander AM in Spain position that will go to Miguel Ángel Sánchez Lozano, until now responsible for Structured Products of Santander Spain.
Looking for a new CIO
Gonzalo Milans del Bosch, until now the global CIO, is leaving the firm for personal reasons and his position will be temporarily co-filled by Jacobo Ortega Vich, until now CIO of Santander Spain, and Eduardo Castro, CIO in Brazil, until a full time replacement is appointed.
All these changes come within Mariano Belinky's first year as head of the company.