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Banque J Safra Sarasin Adds To Madrid Team

Editorial Staff 9 February 2022

Banque J Safra Sarasin Adds To Madrid Team

The bank is cranking up its Spanish presence, having announced its new office in Madrid a few days ago.

Banque J Safra Sarasin (Luxembourg), which recently opened a new branch in Spain, has appointed Belén Ríos to lead its institutional and wholesale distribution business in Spain.

Belén Ríos will grow the institutional and wholesale business for the Iberian market. With more than 20 years of experience, she comes from 15 years in Amundi Iberia where she was head of institutional sales among other roles. Prior to that, she worked for Cortefiel Group (Tendam) as head of investor relations, and in the private bank of Morgan Stanley SV SA in Spain.

The new office (see story here), which is located in Madrid, will focus on clients domiciled in Spain, both in the field of private banking and institutional clients. The branch is led by Francisco Gomez-Trenor, who reports to Jules Moor, chief executive of Banque J Safra Sarasin (Luxembourg). The new branch offers all MiFID regulated investment services. 

Groups such as Barclays, Julius Baer and Deutsche Bank have been building up their private banking and wealth operations in Spain. (See examples here, here and here.)

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