Business · Companies · 6 hrs ago
Santander expands its European equities team and moves management to Spain
Santander Asset Management added four analysts and fund managers to its European equities team, bringing it to 11 people.
The team, led by Rocío Maldonado, manages more than €7 billion in funds.
The firm will bring all its European equity management together in Spain, including funds based in Luxembourg and strategies previously managed from the UK, Portugal and Chile.
The changes are intended to strengthen Santander’s ability to invest in European shares, including through its actively managed European Equity fund, which aims to beat its benchmark over the long term.
Spain has recently approved an investment account as part of efforts to encourage people to invest savings for the long term, with tax advantages intended to promote investment in European shares.
Santander is preparing its team and investment offering for this new account and for growing interest in European equity investment.
Santander Asset Management has added four analysts and portfolio managers to its equities team, bringing it to 11 professionals.
The team manages more than €7 billion in funds, and Rocío Maldonado leads the area.
The firm is moving management of all its European equity strategies to Spain.
The strategies include international funds domiciled in Luxembourg and mandates previously managed from the UK, Portugal and Chile.
Santander said the changes aim to strengthen its European equities capabilities as Spain prepares to offer a new investment account.
- Who
- Santander Asset Management, led in equities by Rocío Maldonado.
- What
- It added four professionals to its equities team and is concentrating management of its European equity strategies in Spain.
- When
- The changes were reported on November 4, 2026. The article does not state when they take effect.
- Where
- Management is being concentrated in Spain; the strategies were previously managed across several countries, including the UK, Portugal and Chile.
- Why
- Santander aims to strengthen its European equities capabilities and prepare its offering for Spain’s new investment account.
This story does not have two clearly opposing sides.
Spain’s government approved a new investment account, according to the article.
Expansión reported Santander AM’s team additions and its decision to concentrate European equity management in Spain.
- New team members
- 4
- Equities team
- 11 professionals
- Funds managed by team
- More than €7 billion
- European equity strategies
- Management to be concentrated in Spain
- Global assets under management
- €295 billion
What people are saying
The recent approval of the investment savings account opens a new way to encourage savers’ participation in capital markets, with European equities among the assets expected to play a structural role in channelling that savings towards companies in the European Economic Area.