Singapore Sovereign Wealth Centers on Spanish Bank Business
Due to modifications in the regulatory environment on sharper capital allocation, Banco Santander SA wants to exit or restructure low return-on-equity segments. The European team of New York-based Warburg Pincus LLC, a private equity firm, is in charge of a transaction to purchase 50% of Banco Santander’s custody business in Brazil, Mexico and Spain – subject to regulatory approvals. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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