This global business comprises Santander Private Banking (SPB), Santander Asset Management (SAM) and Santander Insurance. It’s where we’re driving our clients’ connection to our global product platforms.

We created Santander Wealth Management & Insurance in 2017 to take advantage of the synergy between, and drive up the development of, private banking, asset management, and insurance. The business's impressive track record owes to its global scale and reach and vast local knowledge, which enable it to meet its clients’ investment needs.

As one of our key global businesses, it has continued to go from strength to strength. In 2023, its contribution to the Group’s profits topped EUR 3.296 billion, up 21% year on year. It has low capital consumption, with RoTE of above 70%. 

Santander Private Banking’s (SPB) revenue soared, owing to strong net interest income and business activity, and a 9% increase in the number of clients.

Santander Asset Management (SAM) registered record net sales of EUR 9 billion (the third highest in Europe) and increased its share in most markets.

Santander Insurance grew once again thanks to the non-credit and savings businesses. Gross premiums climbed 12%.

Against this backdrop, the strategy for 2024 and beyond is to continue striving to be the best and most responsible asset manager and insurer in Europe and the Americas. To achieve that, we’re focusing on these three areas: