© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.
April 29, 2013 12:50 pm
Javier Marin may not be a household name in European banking circles, but the new chief executive of Banco Santander certainly knows his way around the Spanish bank.
The 47-year-old Spaniard, who replaces Alfredo Sáenz following his resignation, first joined Banco Santander 22 years ago. After serving in various positions within the group, Mr Marin was appointed executive vice-president of the global private banking, asset management and insurance division in 2007.
The softly-spoken, straight-talking executive struck several bancassurance deals for the bank, including a strategic alliance with Dutch insurer Aegon in 2012, which saw the bank create two new insurance companies, for life and non-life insurance.
The private banking arm of Santander comprises Cater Allen, Abbey Sharedealing and James Hay, as well as Banif in Spain and Santander Private Banking in Latin America.
Discussing the bank’s approach to FundForum International, a global industry conference for fund managers, last year, Mr Marin explained how the euro crisis had not hugely affected the bank’s performance, which generates the majority of its revenues outside Spain.
Mr Marin said he expected consolidation among European asset managers to accelerate in coming months as many firms struggle to survive.
Copyright The Financial Times Limited 2015. You may share using our article tools.
Please don't cut articles from FT.com and redistribute by email or post to the web.