Rafael Ciruelos Gómez del Valle

March Asset Management SGIIC SAU (March AM) is the Madrid-based asset management subsidiary of Banca March SA, ultimately owned by the March Delgado Family in Spain. Established in 2000, the firm is an investment boutique that specializes in selecting companies, as well as fixed-income in the Euro zone. They offer investment funds, discretionary portfolio management and Spanish and Luxembourg Sicavs.

Banca March SA provides commercial banking services. The firm’s services include savings, deposit, and checking accounts, issuing credit card, corporate finance, personal loans, mortgages, life insurance and investment fund management. It also renders stock broking and market advisory services. The company was founded by Juan March Ordinas in 1926 and is headquartered in Palma de Mallorca, Spain.

Mutuactivos SA SGIIC is an asset management firm headquartered in Madrid, Spain. The firm was founded in 1985 and is wholly-owned by Mutua Madrileña Automovilista SSPF. Mutuactivos provides discretionary investment fund portfolio management serviced for individual and institutional investors.

Santander Private Banking Gestion SA SGIIC (Santander PB) is the private banking subsidiary of Santander AM Holding SL, ultimately owned by Banco Santander SA (BME: SAN) in Spain. The firm was founded in 1986 as Gesmoney and became Santander Private Banking Gestion SA SGIIC in 2013 when Banco Santander absorbed Banesto and Banif. Headquartered in Madrid, Santander PB provides a range of private banking services including financial advisory, wealth management, retirement planning, funding advice, estate planning and consulting services for institutional clients including banks, financial institutions, corporations and pooled investment vehicles.

ATL 12 Capital Gestión SGIIC SA is the asset management subsidiary of ATL 12 Capital Patrimonio SL in Spain. The firm is headquartered in Madrid and has an additional office in Valencia and Zaragoza. Founded in 2005, ATL 12 Capital Gestión manages and advises assets of individual and institutional clients.

BBVA Asset Management SA SGIIC (BBVA-AM) is the asset management subsidiary of Banco Bilbao Vizcaya Argentaria SA (BME: BBVA, ADR: BBVA) in Spain. Founded in 1979 as BBV Gestinova, the firm became BBVA Gestión in 2000 when BBV Gestinova and Argentaria Gestión merged and was rebranded as BBVA-AM in 2008. They are headquartered in Madrid and manage pension plans and participate in the Latin American markets of Mexico, Colombia, Ecuador, Peru, Bolivia, Chile and Argentina. BBVA-AM also manages a range of investment mandates for insurance companies, employment plans and corporate clients through their platform in Luxembourg.

Andbank Wealth Management SGIIC SAU (Andbank WM) is the Spanish wealth management subsidiary of Andbank Espana SA, itself a subsidiary of Andorra Banc Agricol Reig SA in Andorra. Formerly known as Medivalor AV Agencia de Valores SA, established in 1989, the firm was acquired by Andbank in 2013 and renamed Adbank Wealth Management. Andbank WM is based in Madrid and provides wealth management services to institutional and retail clients.

Deutsche Bank AG (Pvt Banking Spain) (Deutsche Bank Spain) is the Spain-based private banking division of Deutsche Bank AG (ETR: DBK, NYSE: DB) in Germany. Headquartered in Madrid, Deutsche Bank Spain was founded in 1889 and offers financial services for private clients and companies.

Lecantal SICAV SA engages in mutual-fund management. It invests in equity and fixed income through direct and indirect channels. The company is also active in portfolio management and assets investment. Lecantal was founded on April 7, 2000 and is headquartered in Madrid, Spain.

Inversiones Financieras Eurokas SICAV SA is an open-end investment fund that is engaged in investing its assets in other funds, equities, and fixed-income securities (which includes deposits that mature in less than one year). It also invests in securities issued or guaranteed by a Member State of the European Union Autonomous Community and in emerging markets. The company was founded on November 19, 1999 and is headquartered in Madrid, Spain.

Valores Bilbainos SICAV SA operates as a closed-end investment fund. The company is headquartered in Madrid, Spain.

Deutsche Wealth Management SGIIC SA (Deutsche-Spain) is the Spanish investment management subsidiary of Deutsche Bank SAE, itself a subsidiary of Deutsche Bank AG (ETR: DBK, NYSE: DB) in Germany. The firm was founded in 1991 as DWS Investments (Spain) SGIIC SA. Headquartered in Madrid, Deutsche-Spain manages mutual funds for institutional clients and private individuals.

Abante Asesores Gestión SGIIC SA (AAG) is the investment advisory subsidiary of Abante Asesores SA in Spain. The firm was founded in 2001 and is headquartered in Madrid. AA manages a range of investment funds and offers externally-managed funds of funds and pension plans to private investors.