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A weekly look at some of the most recent and influential people moves across the global banking industry. Simon Duffy reports.
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Luis García-Izquierdo – CEO, Santander Asset Management’s newly announced alternatives assets management firmSantander Asset Management has announced that it has gained authorisation from Spain’s National Securities Market Commission to launch a new alternatives asset manager. Luis García-Izquierdo, the firm’s current global head of alternatives, will take the helm as its CEO. Mr García-Izquierdo confirmed in a press statement that the new asset manager’s focus will be to assist investors in integrating alternative investments into their portfolios in order to help them reduce risks associated with inflation and market uncertainty. “With institutional and individual investors yet to fully tap into private markets, there’s a clear opportunity to grow,” he added. Santander Asset Management has €195bn in assets under management and presently oversees 22 investment funds. These funds comprise more than €2bn in alternative assets, encompassing trade finance, direct lending, infrastructure and renewable energy, venture capital, and real estate. |
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Demetrio Salorio – head of global banking and advisory, Société GénéraleSociété Générale (SocGen) has promoted its UK and Ireland chief Demetrio Salorio to head its global banking and advisory division. He will succeed Pierre Palmieri, who has been proposed to be appointed as group deputy CEO. In his new role, Mr Salorio will report to Anne-Christine Champion and Alexandre Fleury, co-heads of global banking and investor solutions. The transition will officially take place on May 24. Mr Salorio has been group country head for the UK and Ireland and CEO of the bank’s London branch since January 2022. He began his career at SocGen’s Madrid office in 1991, where he held various senior roles within its debt capital markets (DCM) and global finance business units, culminating in his promotion to global head of DCM in 2010. |
Edouard Debost – managing director, Moelis & CompanyIndependent investment bank Moelis & Company has appointed former JPMorgan deal-maker Edouard Debost as a managing director based in Paris. He previously led JPMorgan’s private client advisory team for Europe, the Middle East and Africa, in addition to serving as head of its strategic investment group for France and Benelux. Mr Debost’s hiring is the latest in a string of high-profile appointments as the firm continues to recruit, while its larger rivals cut back. In April, Douglas Pierson joined the firm as a managing director within its industrials coverage unit, following on from Antje Gaensler’s appointment as a managing director within its capital structure and advisory group. In addition, Moelis doubled the size of its technology team with the hiring of 11 senior deal-makers from Silicon Valley Bank. |
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Sharad Mohan – head of international personal bank, Singapore, CitiCiti has appointed Sharad Mohan as head of its international personal bank (IPB) in Singapore. In his new role, Mr Mohan will report to Shyam Sambamurthy, international head of Citigold and Citigold Private Client, as well as Tibor Pandi, Citi’s country officer for Singapore. IPB Singapore is Citi’s offshore wealth management business catering to affluent and high-net-worth individuals in the region. Mr Mohan brings nearly three decades of consumer banking and wealth management expertise. He previously held the position of head of retail banking for Citi India. |
