Spain’s Banca March unit Banca Patrimonial Madrid Oeste has appointed José Ramón Aranda as its new director following Rafael Canales pre-retirement.
Aranda, who takes on his new role after having worked as Banca March’s private banking unit director, joined the company in 2011 as head of distribution for the firm’s asset management division. Prior to that, Aranda held the same role – but focusing on the Spanish market – at Crédit Suisse Asset Management. He previously worked at Schroders as head of global multinationals in London and as the deputy managing director for the company in Madrid.
Having also worked at the institutional private banking unit of Chase Manhattan (now JP Morgan) in Madrid, Aranda started his career in 1994 in London working for the Spanish Bank Santander and for West Merchant Bank.
Aranda succeeds Rafael Canales, who has pre-retired after six years working for Banca March. Canales joined the firm from Consulnor, where he worked for 12 years being lately the firm’s general director responsible for the sales department.
Canales played a key role in the merging process of Consulnor in Banca March that finalised in December 2017. Canales also worked at various entities including Argentaria and Mannufacturers Hannover Trust (now JP Morgan) after having started his career working at Gesinca (later became Ahorro Corporación Financiera).