Santander Asset Management has appointed José Mazoy as its global chief investment officer (CIO) a few months after the departure of Gonzalo Milans del Bosch.
Milans del Bosch left the company for personal reasons in December 2018 after holding the post for just under a year.
Since his departure, Jacobo Ortega and Eduardo Castro, investments directors of SAM in Spain and Brazil respectively, have been in charge of Milans del Bosch's responsibilities.
Mazoy joins Santander Asset Management (SAM) from UBS, where he was the firm's global director of Dynamic Strategies since 2016.
With over two decades of experience in the financial industry, Mazoy also worked at various entities including the central Bank of Mexico - as a fixed income analyst -, Deutsche Bank, Barclays, and Goldman Sachs.
The appointment arrives two months after the Spanish bank announced it was cancelling Andrea's Orcel September appointment after finding out how much money it would cost them to name him chief executive officer.
The bank said it would be unacceptable to pay him the amount of money it would have cost to make him chief executive, which according to people familiar with the matter could be above €50m.