March 2006

Treasury services: Santander moves on two fronts

Jorge Maortua, deputy head of global wholesale banking for Grupo Santander and the group’s head of treasury services, is running a fast-growing business. Perhaps more important, his division, while finding alternatives to traditional low-margin lending, is building key relationships with the bank’s clients, including small and medium-size enterprises.


“We have developed technology that really allows us to put product in the branches so fast, it really is amazing,”
Jorge Maortua, Grupo Santander
Santander targets institutional and larger corporate clients, as well as aiming at SMEs.

“The footprint we have makes us unique,” Maortua says. “First of all, we have a strong presence in Latin America and, second, we have a very strong presence in Spain and Portugal. What we are currently doing regarding our corporate network and our institutional investors is to position ourselves as the Latin bank of choice for them – to structure solutions for a good proportion of those companies. If we excel on the Latin front, this also gives us a very good edge to get into all those corporates and institutional investors to keep on...


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