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Updated · Bloomberg · May 11Santander Appoints Carmen Alonso Global Asset Management CEO After December Exit
4 articles · Updated · Bloomberg · May 11
- Carmen Alonso will lead Banco Santander’s asset management unit as global CEO, filling the vacancy left when the previous head departed in December.
- Madrid-based Alonso joins from Patria Investments, where she was partner and head of clients for Europe and the Middle East.
- Santander disclosed the move in an internal memo seen by Bloomberg, and a bank spokeswoman confirmed the appointment.
As industry profits shrink, can Santander's new CEO deliver on its ambitious 2028 wealth management goals? Is hiring from alternative firms the new playbook for legacy banks to survive in asset management?