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Santander Asset Management Sa Sgiic (Madrid)


Santander Asset Management Sa Sgiic is a large advisory firm based in Madrid. It manages $75.53 billion of regulatory assets for 1,288 client accounts. It has been registered with the SEC as an adviser since 2007.

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Santander Asset Management Sa Sgiic provides portfolio management for pooled investment vehicles and portfolio management for businesses and institutional clients. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Santander Asset Management Sa Sgiic: assets under management

The assets under management (AUM) of Santander Asset Management Sa Sgiic is $75.53 billion. The firm's AUM has grown by 59% since the beginning of its operation, and $75.5 billion of the total AUM is attributable to clients outside of the United States.


The firm manages $52.18 billion in discretionary accounts and $23.35 billion in non-discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $119.41 million each. Non-discretionary accounts, where clients actively manage their portfolios, generally hold around $27.43 million.

Investments

The firm invests in pooled investment vehicles the most. They account for 22% of the total AUM. The second-largest asset type is sovereign bonds, which make up 21% of the firm’s portfolio. Investments in exchange traded securities form 14% of the total invested assets.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Santander Asset Management Sa Sgiic for their services and products based on a percentage of assets under management and performance-based fees. The adviser charges an additional fee when a set benchmark is outperformed. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

What kind of clients David Fernandez Rueda serves?

The firm provides services to insurance companies, pooled investment vehicles, banking or thrift institutions, corporations or other businesses, and pension and profit sharing plans. The largest group of clients of David Fernandez Rueda is pooled investment vehicles with 134 clients and $45.42 billion of assets under management. Among the 7 most similar advisory firms, Santander Asset Management Sa Sgiic has the 4th highest percentage of pooled investment vehicles out of all clients.


The amount of regulatory assets under management is $75.53 billion for 143 clients. 99% of the firm’s clients are foreign persons or businesses.

Santander Asset Management Sa Sgiic doesn't advise any private funds.

Careers at Santander Asset Management Sa Sgiic

The company employs 158 people that are either part- or full-time employees. 39 percent of the employees work as investment advisers or researchers. No employees are registered as investment adviser representatives with the state securities authorities.

There are 11 people with the role of looking for and bringing in new clients on behalf of the firm. The firm doesn’t compensate employees in addition to the salary for bringing in new clients. Employees don’t receive compensation from other entities for client referrals.

David Fernandez Rueda has been acting as President since 1 May 2014. Jose Manuel Perez Jofre has served as the Chief Investment Officer since 1 Dec 2011 and Lazaro De Lazaro Torres is the Chief Executive Officer of Santander Asset Management Sa Sgiic family office. Jose Mercado Garcia joined the executive team most recently as the Independent Director, Board Member.

Direct owners and executive officers



Name Entity Date acquired Ownership Employer ID
Pilar Rodriguez Sanchez Director & governance 1 Nov 1999 Other 5342473
Enrique Garcia Candelas Director 1 Nov 1999 Other 5342481
Javier Marin Romano Director 1 Nov 1999 Other 5342487
Jose Mercado Garcia Chief compliance officer 1 Nov 1999 Other 5342516
S.I. Santander Am Holding Shareholder 1 Nov 1999 50% - 75% foreign entity
S.A. Banco Santander Central Hispano Shareholder 1 Nov 1999 25% - 50% foreign entity
S.A. Banco Espanol De Credito Shareholder 1 Nov 1999 Other foreign entity
S.L. Santander Am Holding Shareholder 1 Nov 1999 50% - 75% foreign entity
S.A. Banco Santander Shareholder 1 Nov 1999 25% - 50% foreign entity
Antonio Faz Escano Chief legal officer 1 Dec 2001 Other 5342515
Juan Guitard Marin Vice chairman 1 Sep 2002 Other 5342441
Esteban Salazar Llombart Chief operations officer 1 Dec 2002 Other 5342512
Ines Serrano Gonzalez Director & ceo 1 Oct 2004 Other 5342443
Joan David Grima I Terre Chairman 1 Mar 2006 Other 5342434
Eduardo Suarez Director 1 Jun 2006 Other 5342492
Elena Eyries Garcia De Vinuesa Chief investment officer 1 Jul 2006 Other 5342521
Pedro Larena Landeta Director 1 Dec 2006 Other 5342504
Maria Luisa Buendia Munoz Chief financial officer 1 Mar 2007 Other 5342508
Antonio M Morales Chief operations officer 1 Dec 2007 Other 5487012
Maria Dolores Ybarra Director & ceo 1 Dec 2007 Other 5487015
Carlos Diaz Nunez Director 1 Sep 2008 Other 5656545
Gonzalo Alonso Tejuca Director 1 Sep 2008 Other 5656546
Maria Pilar Lopez Gil Chief operations officer 1 Jan 2009 Other 5772703
Juan Alcaraz Lopez Director 1 Dec 2009 Other 5772700
Javier Marin Romano Director 1 Dec 2009 Other 5342487
Alberto Ridaura Rodriguez Director 1 Mar 2010 Other 6047684
Jose Mercado Garcia Vice chairman 1 Apr 2011 Other 5342516
Jose Manuel Perez Jofre Chief operations officer 1 Apr 2011 Other 6047677
Maria Dolores Ybarra Chief investment officer 1 Jul 2011 Other 5487015
Jose Manuel Perez Jofre Chief investment officer 1 Dec 2011 Other 6047677
Lazaro De Lazaro Torres Chief executive officer 1 Jun 2012 Other 6177974
Dolores Ybarra Castano Director 1 Jun 2012 Other 6345259
Francisco Jimenez Bosch Director 1 Jun 2013 Other 6345265
Luis Moreno Garcia Director 1 Jun 2013 Other 6345267
Sam Investment Holdings Limited (Jersey) Shareholder 1 Dec 2013 75% - 100% foreign
Egfp Santander Pensiones Sa Shareholder 1 Dec 2013 Other foreign
Juan Garcia Aragon Chief financial officer 1 Apr 2014 Other 6470629
Maria Ussia Bertran Chief legal officer/secretary 1 Apr 2014 Other 6470634
Ignacio Perez Chirinos Chief operations officer 1 Apr 2014 Other 6470637
Ignacio Sobera Chief compliance officer 1 Apr 2014 Other 6470638
Juan Ignacio Sobera Leboreiro Chief compliance officer 1 Apr 2014 Other 6470638
David Fernandez Rueda Director 1 May 2014 Other 6470659
Jose Ignacio Gella Rodero Director 1 May 2014 Other 6470661
Daniel Lessner Director 1 May 2014 Other 6470667
Alessandro Ceschia Director 1 Oct 2014 Other 6470665
Maria Ussia Bertran Chief legal officer/secretary 1 Dec 2014 Other 6470634
Javier Viani Desplats Redier Director 1 Mar 2015 Other 6625475
Javier Viani Director 1 Mar 2015 Other 6625475
Lazaro De Lazaro Torres Chief executive officer 1 Jun 2015 Other 6177974
Jose Mercado Garcia President 1 Jun 2015 Other 6625467
Anthony Gennaovi Director 1 Jun 2015 Other 6625478
James Christopher O'gara Director 1 Sep 2015 Other 5001677
Jack Gustaaf Catharina Mj Treunen Director 1 Jun 2016 Other 6770261
Jack Treunen Director 1 Jun 2016 Other 6770261
Lazaro De Lazaro Torres President and chief executive officer, chairman of the board 1 Feb 2018 Other 6177974
Jose Mercado Garcia Independent director, board member 1 Feb 2018 Other 6625467
Gonzalo Milans Del Bosch Director 1 Feb 2018 Other 6931753
Carlos Palacios Castañeda Director 1 Feb 2018 Other 6931774
Jorge Martin Jimenez Director 1 Feb 2018 Other 6931776

Indirect Owners

The SEC currently registers 20 indirect owners.

Name Entity Date acquired Ownership Employer ID
S.A. Banco Santander Shareholder 1 Mar 1994 75% - 100% foreign entity
S.A. Banco Santander Central Hispano Shareholder 1 Mar 1994 75% - 100% foreign entity
S.A. Banco Santander Central Hispano Shareholder 1 Nov 1997 75% - 100% foreign entity
S.A. Banco Santander Shareholder 1 Nov 1997 75% - 100% foreign entity
Sherbrooke Acquisition Holdings Corp Spc Shareholder 1 May 2013 75% - 100% 98-1141646
L.P. Warburg Pincus (Europa) Private Equity Xi (Cayman) Limited partner 1 May 2013 25% - 50% 98-1064838
L.P. Warburg Pincus (Callisto) Private Equity Xi (Cayman) Limited partner 1 May 2013 75% - 100% 98-1054390
L.P. Warburg Pincus (Callisto) Private Equity Xi (Cayman) Limited partner 1 Jul 2013 75% - 100% 98-1054390
L.P. Wppe (Callisto Sam) Xi (Cayman) Limited partner 1 Nov 2013 25% - 50% 98-1119557
S.A. Banco Santander Shareholder 1 Dec 2013 75% - 100% foreign
Sam Uk Investment Holdings Limited Shareholder 1 Dec 2013 50% - 75% foreign
Sherbrooke Acquisition Corp Spc Shareholder 1 Dec 2013 50% - 75% 98-1123492
L.P. Wp (Io) Xi (Cayman) Shareholder 1 Dec 2013 25% - 50% 98-1065565
General Atlantic (Sam) (Bermuda) Limited Shareholder 1 Dec 2013 25% - 50% 80-0879112
L.P. General Atlantic (Sam) Interholdco (Bermuda) Shareholder 1 Dec 2013 75% - 100% 98-1130940
L.P. General Atlantic Partners (Bermuda) Iii Shareholder 1 Dec 2013 75% - 100% 98-1130963
Sherbrooke Acquisition Holdings Corp Spc Shareholder 1 Dec 2013 75% - 100% foreign
Warburg Pincus (Jupiter) Xi (Cayman) L.P. General partner 1 Dec 2013 Other foreign
Wppe (Callisto Sam) Xi (Cayman) L.P. Shareholder 1 Dec 2013 25% - 50% foreign
L.P. Warburg Pincus (Europa) Private Equity Xi (Cayman) Shareholder 1 Dec 2013 75% - 100% foreign

Based in Madrid

The principal office where Santander Asset Management Sa Sgiic performs its advisory services is located at Calle Serrano, 69, Madrid, 28006, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 34 91 333 63 23 or by fax 34 91 333 63 23. The normal business hours are 9:00am-6:00pm on Monday - Friday. You can find more information about the New York firm at santanderassetmanagement.es/es_es/sam-esp.


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