Indosuez Wealth Management is opening offices in Seville and Barcelona, bringing its number of offices in the country to six. The firm serves high net worth and ultra-high net worth clients.
The group’s offices in Madrid and Valencia has also bolstered its teams with executive and management hires.
Iñigo Calderón has been named head of central region of Indosuez Wealth Management (Spain) and will lead the wealth managers team in Madrid.
The newly opened office in Seville will be led by Carlos Gálvez, who joins Indosuez as regional director of Andalusia and Extremadura, and Juan Gómez Millán, who joins the company as senior wealth manager.
In Barcelona, Carlos Sensat joins as regional head, while Indosuez’s Valencia office has added David Nogués as regional head.
Antonio Losada, chief executive of Indosuez in Spain, said: “The calibre of new hires demonstrates that Indosuez has established itself as a strong and attractive brand in the market at an exciting time for the sector, shaped by consolidation.
“Together with our new colleagues in Madrid, Valencia, Seville and Barcelona, we are now within reach of 90% of the Spanish territory bringing us closer to our clients.”
Gálvez, Millán, Sensat and Nogués all join from Deutsche Bank.
Indosuez has also struck a deal with wealth researchers Capgemini to plug the professional services firm’s expertise into Indosuez’s end-to-end platform.
The new offering will be developed on the framework of S2i, the existing Crédit Agricole Private Banking Services (CA-PBS). Capgemini will bring “leading IT services and digital transformation expertise”.
CA-PBS already offers services to 30 private banks in 11 countries, mainly in Europe and Asia, and manages total assets of CHF150bn, (£114bn, €128bn, $158.6bn) up +30% in 2017 – a share it expects to grow a further 30% by 2020.