Company: BCDRF
Filing Date: 2025-07-31
Form Type: 6-K
Source: 0000891478-25-000111
Chunk: 57

Company: Banco Santander, S.A.
Filing Date: 2025-07-31
Form: 6-K
Chunk 57
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• In Santander Asset Management (SAM) , we operate as a global asset manager leveraging our scale, global investment capabilities and product distribution hubs. We continue progressing with our transformation, aiming to globalize and simplify our asset management business.

In terms of retail distribution, we continued to implement an advisory model across all countries, supported by a global investments platform that provides better customer experience. We continue to consolidate our positioning in the alternatives business, across private markets, both through organic growth and strategic initiatives. We have further reinforced our real estate capabilities with the recent launch of the new Real Estate Coliving Opportunities fund. This quarter, we were named the Best National Asset Manager in Spain by Expansion-Allfunds and we were the asset manager with most awards at the Salmon awards in Chile . • In Insurance , our bancassurance operation is present in more than 20 countries across the Group's global businesses. In Wealth, we are accelerating the execution of our strategy and transformation plans around our two new verticals, Life & Pensions and Property & Casualty, to deliver more value to our customers: • In Life & Pensions, we are developing a new retirement business line, offering an integrated value proposition, for which we are working on annuities in Spain as well as enhancing our unit-linked product offering in Mexico, with the launch of a new strategic plan focused on Private Banking customers. • In terms of Property & Casualty, we are expanding in high growth verticals such as: i) Health, where we are developing targeted solutions for our clients, and ii) Motor, through Autocompara, our motor insurance comparison platform, where we have incorporated new insurers into the platform, such as Suhai in Brazil, and a 100% phygital model for unfinished purchase processes has been implemented in Brazil and Mexico. We remain focused on increasing the use of data to deliver personalized solutions and embed our products into customer journeys. Additionally, we are working to further enhance our customers' global experience across the full life cycle of the value proposition, driving long-lasting relationships. Since 2023, Insurance operates under a single holding company, which has enabled us to unify management, governance, risk and control across all insurance entities. This has improved the integration of the Insurance business within the Group’s model. During this quarter, we continued to enhance our corporate governance, by incorporating new profiles into key positions within Wealth’s structure, reflecting the importance of our Insurance business for the Group’s strategy. • Portfolio Investments was incorporated as a fourth vertical