Santander Taps Patria’s Alonso to Head Its Asset Management Unit

Banco Santander SA hired Carmen Alonso as new global chief executive officer of its asset management unit, following the exit of its previous head in December.

Alonso, who will be based in Madrid, was previously partner and head of clients for Europe and Middle East at alternative asset manager Patria Investments, according to an internal memo seen by Bloomberg. A spokeswoman for the bank confirmed the content of the memo.