Banco Santander SA has appointed Declan Canavan as head of institutional distribution for its alternative investment asset management business.
Canavan joins the Spanish lender from BNP Paribas SA, where he was head of private markets sales since 2021, according to an internal memo seen by Bloomberg. A spokeswoman for the asset manager confirmed the content of the memo.
Santander is looking at growing its alternative investment products as part of a revamp in its insurance and asset management businesses led by Javier Garcia-Carranza. The bank last year combined its alternative investments and investment platforms units, and integrated them ...
