Change at the top of Deutsche’s Spanish operations

The banking group has announced a change in the management of the C suite in Spain.

Deutsche Bank has appointed former senior Credit Suisse official Inigo Martos as regional managing director for the Iberian Peninsula and country director for Spain, subject to regulatory approvals, effective July 1 next year.

Martos was also appointed CEO of Deutsche Bank SAE (Spain) and Managing Director of Deutsche Bank AG Madrid Branch. He will also be appointed head of the International Private Bank (IPB) in Spain from January 1.

He will take the helm as Antonio Rodriguez-Pina focuses on his role as Chairman of Deutsche Bank SAE from early July 2022. He served 17 consecutive years as CEO Iberia, CCO Spain, Managing Director of Deutsche Bank AG Madrid. Branch as well as CEO and Chairman of Deutsche Bank SAE.

With over 25 years of wealth management experience, Martos was until recently Head of Iberia for Credit Suisse’s international wealth management business. Prior to this role, he held various management positions including Head of Southern Europe, Latin America and Brazil, Head of Assets and Investments for EMEA and Head of product management in Western Europe.

“In Inigo Martos we have found an outstanding General Manager to take our business in the Iberian region to the next level. Throughout his long career, Inigo has proven to be a strong and effective leader,” said Claudio de Sanctis, Global Head of IPB and CEO EMEA. (De Sanctis was himself a former Credit Suisse figure, having headed up its private banking business in Europe.)

“Antonio Rodriguez-Pina has been instrumental in developing the bank’s Spanish client business and positioning it for growth in the years ahead,” said de Sanctis. “He has been tasked with transforming Deutsche Bank’s Spanish business, working in a strong and productive partnership with all our commercial and infrastructure partners while engaging in active and constructive dialogue with all stakeholder groups.”

Fernando Sousa, a Deutsche Bank figure for 31 years, most recently head of the IPB in Spain, has announced that he plans to retire on January 31, 2022.

“Fernando has played a key role in building our retail, private and corporate banking franchises into one of the leading foreign retail and private banks in Spain. Since the establishment of the IPB, Fernando has contributed to relaunch our wealth management business. It has positioned Deutsche Bank as a leader in quality of service in Spain, as well as a forerunner in the launch of the first fully digital bank within the IPB”, added de Sanctis .

Barclays also recently announced a management transfer to Spain, a possible sign that the country’s profile in wealth management is rising.