This agreement, part of the bank's expansion project in Brazil, will enable it to increase its assets under management from R$2 billion to R$5 billion.
Andbank España is creating a new advisory board with the aim of strengthening the entity’s growth in Spain, contributing to the optimal integration of the bank with the business, professional and social worlds.
Andbank Microfinance Fund has two philanthropic aims; one is to invest in socially responsible assets and the other to allocate 80% of its profits to one or several selected NGOs.
Dagmar Valcárcel, who comes from Barclays Bank PLC in London, is named as Chairman of the Andbank Asset Management Luxembourg Board of Directors.
Isabela Pérez Nivela, a State attorney, joins Andbank Wealth Management España as independent director.
