Santander Asset Management Sa Sgiic (Madrid)

Name: Santander Asset Management Sa Sgiic
Address: Calle Serrano, 69, Madrid, 28006
Telephone: 34 91 333 63 23

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.

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. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. 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.