The wealth manager is bringing on an expert in the region to head its institutional sales in Iberia. 

Banque J. Safra Sarasin (Luxembourg) is appointing Belén Ríos to lead its institutional and wholesale distribution business in Spain, it said in an emailed statement Tuesday. 

Ríos joins wealth manager from Amundi Iberia where she was head of institutional sales. Previously she headed investor relations at Cortefiel Group, the bank said.

«We are fully committed to growing the distribution team at J. Safra Sarasin Sustainable Asset Management in order to offer sustainable investments to new clients,» said Martin Fenner, head of wholesale at the bank.

At the start of the year Banque J. Safra Sarasin opened a new branch in Madrid, Spain as part of its European expansion.