15 December 2017
visit www.ebaday.com

Banco Santander hires McKinsey man Belinky to run Innoventures fund

03 December 2014  |  9597 views  |  0 Banco Santander

Banco Santander has hired former McKinsey man Mariano Belinky to run its $100 million fintech venture fund, as it bids to get in on the ground floor at startups leading the financial services digital revolution.

An Argentinian national, Belinky joins Santander from Mckinsey, where he acted as an engagement manager in the consultancy's Madrid office. Before joining McKinsey, he was a Ph.D. candidate in the Artificial Intelligence programme at the Universitat Politècnica de Catalunya. Prior to this he spent three years as a research associate at institutional money management group Bridgewater Associates.

Owned by Santander UK but operating as an independent unit, the Innoventures fund has been set up to invest in fintech firms around the world, initially focusing on startups involved in e-commerce and payments, online lending and investing, and big data analytics. It was launched in July this year, but has yet to make its first investment.

Reflecting its ambitions to be in the forefront of the mobile revolution in banking, Santander last week spent £33 million to buy a five per cent stake in mobile money outfit Monitise. It has also invested EUR5 million in Swedish mPOS vendor iZettle.
KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

Monitise gets £49.2 million boost from Santander, Telefonica and IBM

27 November 2014  |  18454 views  |  1 comments | 19 tweets | 19 linkedin
Santander commissions study on bitcoin's impact on banks

Santander commissions study on bitcoin's impact on banks

26 August 2014  |  12818 views  |  1 comments | 19 tweets | 5 linkedin
Santander launches $100m fintech venture fund

Santander launches $100m fintech venture fund

03 July 2014  |  16421 views  |  0 comments | 21 tweets | 22 linkedin
Santander to refer small biz customers to P2P lender Funding Circle

Santander to refer small biz customers to P2P lender Funding Circle

18 June 2014  |  9374 views  |  0 comments | 20 tweets | 13 linkedin
Telefonica, CaixaBank and Santander JV launches small biz customer loyalty service

Telefonica, CaixaBank and Santander JV launches small biz customer loyalty service

11 June 2014  |  9918 views  |  0 comments | 4 tweets | 6 linkedin
Banco Santander invests EUR5 million in iZettle

Banco Santander invests EUR5 million in iZettle

11 June 2013  |  8068 views  |  0 comments | 11 tweets | 4 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.netvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
9947 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9377 views comments | 17 tweets | 36 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7412 views 11 comments | 11 tweets | 15 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6781 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6226 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job