Santander Asset Management to open branch in Germany

1. Press Release
Santander Asset Management
to open branch in Germany
Madrid, 14 January 2013. Santander Asset Management, Grupo Santander’s global asset
management unit, will open a branch in Germany after receiving authorization from BaFin (the
German regulator). The new office will open in Frankfurt over the coming weeks.
With this new office, Santander Asset Management positions itself in the German market to
support the distribution of funds and investment portfolios through Santander Bank’s retail
network, which has 170 branches and over one million customers. Moreover, it represents a
unique opportunity to grow in the German institutional market, where over 600 million euros in
Spanish covered bonds and Latin American fixed income mandates are managed by
Santander Asset Management’s Spanish and global investment teams, respectively.
Juan Alcaraz, Santander Asset Management’s global CEO, said: “The new branch in
Germany is part of Santander Asset Management’s strategy to grow as a global asset
management company. Entering one of the largest economies in the European Union and
one of the most competitive and specialized asset management industries in Europe
enhances our position in the region.”
For the past year, Santander’s retail network in Germany has been offering six products
managed by Santander Asset Management’s global investment team: two European fixed
income funds, one European equities fund and three risk profiled funds that make up the
recently created Santander Select Fund family, all of which belong to the Luxembourg
domiciled SICAV range. With this product offering, the new Santander Asset Management
branch in Germany will start to operate with assets in excess of 100 million euros.
Stefan Jochum will head up the Frankfurt branch. Mr. Jochum joined Santander Asset
Management last year from Staedel Hanseatic, where he was Chief Executive Officer for
Germany. He previously worked in other management positions at AXA, Winterthur and
Dresdner Bank. The branch will initially employ a team of 11 people, offering investment
advisory, market research and commercial support in the distribution of funds.
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Santander Asset Management, Grupo Santander’s global asset management unit, is
present in 11 countries* in Europe, Latin America and North America and has assets under
management of over EUR 140,000 million.
Within the asset management business, Santander Asset Management manages all types of
investment vehicles, such as mutual funds, pension funds, investment companies and
discretionary portfolios, which invest in a wide range of underlying assets. Management is
Comunicación Santander Asset Management
Ciudad Santander Avda Cantabria s/n
28660 Boadilla del Monte Madrid.
Tel. 34 91 289 52 11

2. mainly focused on European and Latin American markets, where Santander’s local presence
provides a better understanding of the market.
Santander Asset Management has a team of over 550 professionals, of which 265 are part of
the investment team, with an average of over 10 years’ experience in management. The
investment process, together with strict risk control and a high capacity for innovation in
valueadded products to customers, are Santander Asset Management’s main differentiating
factors.
* Argentina, Brazil, Chile, Germany, Luxembourg, Mexico, Poland, Portugal, Puerto Rico,
Spain and United Kingdom.
Figures as at the end of September 2012
Comunicación Santander Asset Management
Ciudad Santander Avda Cantabria s/n
28660 Boadilla del Monte Madrid.
Tel. 34 91 289 52 11