Santander is reportedly ﻿planning to expand its investment banking﻿ o﻿perations in the UK and the US﻿, through the hiring of more﻿ senior investment bankers. Unlike its European rivals, Santander's investment bank does not account for a major portion of revenue. The bank has also begun a review into its trading businesses in Madrid and London, with the aim of hiring more experienced staff. In an interview on CNBC last week, CEO Sergio Ermotti, who took over from his father Antonio in 2013, said that he was "optimistic" about the future prospects of the bank.
Santander is reportedly ﻿planning to expand its investment banking﻿ o﻿perations in the UK and the US﻿, through the hiring of more﻿ senior investment bankers. Unlike its European rivals, Santander's investment bank does not account for a major portion of revenue. The bank has also begun a review into its trading businesses in Madrid and London, with the aim of hiring more experienced staff. It also plans to launch a cash management service in continental Europe.