Spanish securities firm Rentamarkets has appointed Juan Abascal responsible for the firm's retail business, Spanish financial media reported.
Abascal will be responsible for boosting Rentamarkets' wealth management area for HNWI, leading the team of Borja de Vargas and the firm's offices in Madrid and Barcelona. This unit was created in June 2019.
The new head of retail has worked during 13 years as a private banker, responsible for some commercial teams at Banco Popular. He also worked as a financial adviser at Banco Santander.
The appointment reinforces the firm's commitments to make available to retail clients the funds offering already available to institutional ones.