Banco Santander's Surprise Announcement to Its Customers: It's Official, Starting Today

Banco Santander has taken an important step. In its strategy of expansion and service improvement, the entity has inaugurated a new Private Banking center in Palma de Mallorca. This center is aimed at clients with assets exceeding 500,000 euros, and offers an exclusive service tailored to the needs of this client segment.

The new space is located in the same building as Santander's Territorial Directorate in the Balearic Islands, at Avenida Alexandre Rosselló, 11. A strategic location that reinforces Banco Santander's presence in the region and provides its clients with a modern and exclusive environment for managing their assets.

Banco Santander Opens a Private Banking Center in Palma

The Private Banking center occupies a total of 7,750 sq. ft. (720 square meters), distributed in various areas that aim to provide the best experience for clients. With the creation of the space, Banco Santander reaffirms its commitment to personalized attention and quality services for high-net-worth clients.

The new Private Banking center is comprised of a team of 15 highly qualified professionals, including private bankers and middle office experts. All with solid training and experience in asset management. These professionals are specially trained to serve the most demanding clients and provide them with a tailored service that covers all their financial needs.

This team will be responsible for offering comprehensive advice. Both in financial matters and in wealth planning, investment, and asset protection.

The center has six private meeting rooms, designed for clients to interact with their advisors in a calm and confidential environment. Additionally, it features a 'working lounge,' a more relaxed and less formal space than traditional bank offices. There, clients can meet with their private bankers to discuss their needs or make inquiries without the pressure of a traditional office setting.

To mark the beginning of this new stage, Banco Santander held an inauguration event attended by several prominent figures from the bank. Among the attendees were Celia Torrebadella, territorial director of Santander in the Balearic Islands, Víctor Allende, head of Santander Private Banking Spain. Meanwhile, Miquel Àngel Grimalt, commercial director of Private Banking in the Balearic Islands, was also present.

Santander Private Banking, Leader in Private Banking in Spain

Santander Private Banking is the leading entity in the private banking sector in Spain. According to the latest data, Banco Santander manages a total of 171.039 billion euros in assets, which underscores its position as a leader in the wealth management market. In the Balearic Islands, Santander Private Banking serves more than 3,000 clients.

The majority of these clients are residents of the islands, although the bank also serves a significant number of international clients who spend part of their time in the Balearic Islands. All thanks to Santander's ability to offer global services. This international approach is one of Santander's strengths, which can offer an integrated financial solution anywhere in the world.