Grupo Santanderâs aggressive growth strategy, with the aim to solidify its position as one of the worldâs top 10 global banks, is implementing advanced client advisory technology to its global corporate platform from Swissrisk Financial Systems.
Structured private banking activities of Grupo Santander will utilize Client Advisory Suite at the corporate level and will be progressively adopted by the Groupâs individual brands. The two first banks to incorporate CAS are Banesto and Santander Banca Privada.
Client Advisory Suite was selected due to its mature client base and functional design in support of Santanderâs objectives to offer their advisors a personalized investment toolset. âBoosting advisor efficiency while giving centralized guidance and control of client investment proposals was a strategic objective for Santander,â remarked Miguel Angel Villalonga, Managing Director Swissrisk. Villalonga adds: âClient Advisory Suiteâs automatic compliance features enable Santander to remain vigilant in an increasingly regulated market while meeting the requirements of new international initiatives like MiFID in Q4 2007.
The implementation phase of Client Advisory Suite is underway and will be completed by early 2007 at the Private Banking units of Banco Santander and Banesto.