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.

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.

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