The Swiss Structured Products Association (SSPA) welcomes Santander as a new member and issuer. With this addition of another global player being present in Switzerland, the SSPA further strengthens its membership base. Its network now numbers 42 members across the entire value creation chain, from issuers to trading platforms and buy-side to brokers and partners.
Zurich – 3 March 2021. Santander joins as a new member and issuer of the SSPA, the association of structured products in Switzerland representing over 95 percent of the country's market volume. As a recognised issuer, Santander is now seeking to expand further its position as a trusted partner across the entire value creation chain and the financial world. The bank has a meaningful presence in 10 core markets in Europe and the Americas, serving 148 million customers worldwide, and its equity derivatives business is based on a diversified geographic presence in both emerging and developed markets. The generation of added value for institutional clients is always the top priority, and Santander will be joining the leading association in the world's largest market for structured products.
Alfredo Madrigal, Head of Equity Derivatives & ETD of Santander, on becoming a new member of SSPA: "Our decision to join SSPA underscores our ambition to further expand Santander's activities of offering structured products in Switzerland. We look forward to actively participating in the association and to making a contribution to the further development of the Swiss market for structured products based on our comprehensive international expertise."
SSPA expands its membership base to 42
Now numbering 42 members, the SSPA represents the interests of the key players in the market for structured products in Switzerland. SSPA Chairman Markus Pfister on the new member: "We are very happy to have with Santander a universal bank with an extensive international presence in the SSPA. We look forward to benefiting from the long-term experience and comprehensive expertise of Santander in the activities of our association."
