Santander Named Best Private Bank in Latin America by Euromoney

Santander Private Banking has been named the Best Private Bank in Latin America by Euromoney. Santander leads in several award categories, which are some of the most prestigious accolades in banking. The financial magazine also named Santander as Latin America’s Best Bank for Family Office Services and for Wealth Transfer/Succession Planning.

Santander has also been recognised for its teams’ work in several geographies including the awards of Best International Private Bank in Mexico, Argentina, Brazil, Peru, Uruguay, Poland, and Portugal; Best Private Bank for Ultra-High-Net-Worth Individuals in Spain and Colombia; Best Private Bank for Wealth Transfer/Succession Planning in Brazil; Best Private Bank for ESG in Chile; and Best Digital Private Bank in Mexico.

Alfonso Castillo, global head of Santander Private Banking, said: “Euromoney’s awards recognise the excellence and expertise of the entire Santander Private Banking team. Santander Private Banking has continued to serve its clients, thanks to its global platform, local presence, best talent and smart value proposition. We’re thrilled with this excellent news and grateful for the trust.”

Víctor Matarranz, global head of Wealth Management & Insurance said: “This is the confirmation of the success of our strategy as leading Private Bank when it comes to join Latin America with Europe and the US”.

For 20 years, Euromoney has followed global best practice in private banking and wealth management. For this edition of the Private Banking and Wealth Management Awards, its jury reviewed client offering, innovation and product proposition to reward things like competitive first movers, impact and commercial success.

Santander Private Banking offers clients bespoke service with specialized private bankers in Spain, Portugal, Poland, Switzerland, the UK, the US, Brazil, Chile, Mexico, Argentina and Uruguay. As of December 2022, it had €259 billion in client assets and liabilities (CAL) worldwide. It had grown clients by 8% and net profit by 40% to €690 million.