Santander Asset Management (SAM) has named Mariano Belinky as its new chief executive officer, the firm announced February 6.
Belinky joined SAM from Santander InnoVentures, the group’s $200 million fintech investment fund, according to a statement.
He replaces Juan Manuel San Román, who according to the statement left for personal reasons. San Román had become SAM’s CEO in the first quarter of last year, after former boss Juan Alcaraz left to run mutual fund platform Allfunds Bank.
Before joining Santander InnoVentures, which Manuel Silva will now lead, Belinky served as an associate principal at consulting firm McKinsey, where he advised global banks and asset managers in Europe and the Americas.
He also worked in the research technology team at US investment firm Bridgewater Associates, and as equity derivatives trader in his native Buenos Aires, Argentina.
Belinky takes over SAM roughly four months after the Santander Group revealed it was bringing together its private banking and asset management business under a new wealth management division.
Commenting on Belinky’s appointment, wealth management head Víctor Matarranz said: 'By combining Santander’s experience and expertise in asset management with the group’s technological capabilities, we can transform the services we offer our clients.'
'Mariano has an outstanding track record in driving innovation and delivering for customers and I am confident he will help Santander Asset Management achieve its full potential.'
In January, Citywire Americas reported that SAM was set to name Gonzalo Milans del Bosch as its new chief investment officer. A formal announcement is pending.
Santander Asset Management runs €182 billion euros ($224.8 billion) in assets and has a presence in 11 countries in Europe and Latin America, according to the statement.