MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Banco Santander Central Hispano (IMT, November 8) has announced that subsidiary operation Santander Global Advisors will be shut down by the end of January. The closing is a result of the parent company’s decision to focus its asset management business in Madrid, Spain. The decision affects 43 staff members, who have been laid off. The decision was not a reflection on the company, insist officials, but due to the merger earlier this year of Banco Santander and Banco Central Hispano. At prese

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