Dec 09, 2025
3 min read
Samantha Ricciardi has left Santander coach to join Fidelity after almost four years.It only does so when García Carranza has focused on asset management
Carranza is looking for a CEO for the asset management company in Santander's next attempt to his global
Samantha Ricciardi Left Santander Manager after almost four years to connect loyalty.She has as if García Carranza has focused on asset management
Javier García Carranza has a clear mandate from Ana Botín to turn his business (funds, private banking and insurance) into a global platform.One of the five main lines of the Cantabrian bank to exploit synergies and scale, benefiting from its presence in Spain, the United Kingdom, the United States and Latin America.He is now looking for a managing director at Santander Asset Management to advance this strategy.
The CEO, Bottin's right-hand man, replaced in May 2024 Victor Mataranz, once a confidant of Santander's executive president and now global head of private banking at HSBC, who brought him from London with the premise of leveraging the funds, insurance and private banking activities, creating synergies between the three lines and even between countries.The success was partial, at least in the eyes of Boadilla's staff.The mandate was even before the strategy launched by Banco Santander in 2023. A year later, Botin made his move.
Carranza's first steps were in private banking, where he played a key role in bringing about CaixaBank's reforms in Spain by strengthening global ties and bringing in its head Victor Allende and other executives.He has also set his sights on insurance, where he has brought in ex-Sanitas CEO Iñaki Peralta as a director. With the potential sale of Aegon in 2026, with which it has a joint venture in life insurance, there is an opportunity to renew the strategy. He has a relationship with Mapfre in general insurance.
The next step is in the stock manager.Javier Garciaara informed close friends and advisers of Carranza that he wanted to make changes to the manager's selfishness, which he aimed to increase with the possibility of sharing with third parties and expenses.This could accelerate the changes, as Carranza will have to look for a CEO due to the departure of Samantha Ricciardi, the signing of Matarran in February 2022 (he is the head of Mexico and business development for EMEA).Ricciardi will assume responsibility for EMEA, emea, from the position of Global Company of the Management Company, Santander Company announced.
At the time of publication, Sander It grew by 40 percent to about 255,000 million. However, the factories in the countries where the bank operates are still owned by individuals or private banking clients.And the latter is after the recent merger of the management companies.Luxembourg has 13,000 million.Also, the group does not give figures for options, but such as the purchase of land of 300 million, despite great efforts to increase the agricultural fund, the institutions failed to sell to the institutions.There are other vehicles besides the Banbu itself.
But Carranza, according to financial sources, wants to bring order and promote a global offer for third parties, both in investments listed on the markets in which it has expertise and in alternatives.The aim is to increase investments from private banks, but also from institutions that are not clients, such as third-party private banks, pension funds, insurance companies or public funds.Competition in this niche is strong and it is not enough to have numerous retail offices and millions of individual clients to offer in-house funds.And Carranza knows it.
On the other hand or in the private market sector, the executive has already appointed M & consultants who will be interested in analyzing the purchase of experts, private debt, grant, etc.Add value to resources.It also sees that all offices are places to work in institutions or to reduce the cost of stopping administrative activities. Risk, and one or a few global groups that work with global managers and all countries, supported by Aladdin, Blackcrock Fentres and the risk update tool.
The new CEO of Santander AM should be the visible leader of this focus.In fact, as other European banks have already done (Intesa, BNP or Deutsche Bank have managers who sell to third parties not only in their network), but none of them are Spanish.They tried this in 2016 with the derailed merger deal with Uncredit's manager, Pioneer. And then there were new pushes and messages with several different CEOs: Juan Alcaraz, Juan Manuel San Román, Mariano Belinki and Samantha Ricciardi held the mandate this past decade.
Javier García Carranza has a clear mandate from Ana Botín so that his business (funds, private banking and insurance) is a global platform.One of the five main lines of the Cantabrian bank to take advantage of synergies and improvements, taking advantage of its presence in Spain, the United Kingdom, the United States and Latin America.Now he is looking for a CEO for astander asset management to improve this approach.
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