Creand Asset Management has received authorisation from the CNMV to carry out the management and marketing of venture capital vehicles and companies, discretionary management and advisory services, thus completing the process allowing it to manage all types of alternative investments.
It is a strategic decision to boost future growth, as it enables the bank to offer a comprehensive and differentiated management service to customers.
Creand Wealth Management strengthens the structure of its asset management firm, Creand Asset Management, and expands its activities to include advisory services and discretionary portfolio management, as well as the management of venture capital vehicles and companies, such as private equity vehicles.
The process is part of the bank’s strategic commitment that will be at the core of the management firm’s future growth. The aim is to enhance specialisation within the asset management sector, to broaden the range of products and services available to customers and to offer them investment alternatives that add value to their portfolios.
The management firm has just received authorisation from the CNMV to carry out discretionary and individualised portfolio management, advisory, custody, and reception and transmission of orders, as well as the management of venture capital vehicles and companies. Having obtained this authorisation, Creand Asset Management is now able to manage all types of alternative investment vehicles. This is the culmination of a process begun in 2021, when it obtained the approval of the supervisory body to incorporate fund and hedge fund management.
At the same time, Creand Asset Management has also bolstered its organisational structure to keep pace with the growth of the service and the business.
Marcos Ojeda, managing director of Creand Wealth Management, said that “the expansion of our activity marks the completion of the process we initiated in the management firm to make a qualitative leap. It opens the door to the development and launch of products that enhance our offer for clients in the area of alternative investments, a type of product with potential for development in the future, and one that is in demand by customers who are looking for completely personalised strategies with added value”.
Creand Wealth Management is the trade name of Banco Alcalá, S.A.
Creand Asset Management is the trade name of Gesalcalá, SGIIC, SAU