Ana Botin - Executive Chair of Santander | In Good Company | Norges Bank Investment Management

Ana Botin, Executive Chair in the bank Santander : Future of banking, inflation and woman in finance
Ana is one of the most powerful people in global finance. She run one of the world’s largest banks with over 160 million customers and over 200 000 employees. Ana shares unique insight into the future of banking, how to create a global culture and answer the question of do we still need the banks?
What are Norges Bank Investment Management's investments in Santander? At the end of 2022 the fund's holdings in Santander had a market value of 16.6 billion kroner or 1.7 million dollar.
Ana Botin, Executive Chair in Santander share her insights and experiences with Nicolai Tangen, CEO of Norges Bank Investment Management.
The podcast In Good Company is part of Norges Bank Investment Management , a podcast about our investments. We are transparent about how the fund is invested. In this podcast, you to get a deeper insight into the companies the fund is invested in.
Our CEO, Nicolai Tangen, has in-depth interviews with the leaders of some of the largest companies in the world. You will get insight into their leadership principles, the company’s strategy and how they are dealing with a large investor like us. You will also learn more about our role as an owner of the companies.
You can read more about the podcast on:
www.nbim.no/en/publications/p...
#Santander #Oljefondet #InGoodCompany #NorgesBankInvestmentManagement

[@dennismorris7573]

Charming interview. Leading with the guideposts of keeping matters simple, personal, and fair, is quite effective, I am certain. I bank with Santander, and I can say that my experience with the fine people at Santander has been just that: simple, personal, and fair. A great institution. Warm congratulations to Santander´s very able Executive Chair, Ana Botin.

[@janneckedrangert-hveding323]

Enjoyed her perpectives on the need to innovate also in retail banking: "The questions is do we need the banks as they are today or do you need them as customers want us to be..." "We need to understand that our customers need and want our products in a very different way - such a different way that it is actually a different product, even though we might think it´s the same." Maybe Santander can be a player to radically innovate retail banking from the inside of the sector, instead of being hit by new players radically disruption from the outside..? I think the customers are ready for new models and new value propositions.

[@norgesbankinvestmentmanagement]

Thank you for listening to and enjoying the podcast!

[@thclollypop18]

Botin seems to hold back on many questions. Too bad. Would have loved her perspective on ECB.

[@TheEmilio25]

Mexico is North America.

[@Weisswolf777]

In its geography. Culturally its Latin America. Both are right. While Brazil is South America and Latin America. And Costa Rica is... central america? The biggest division is between Canada, US and the rest. Canada and the US make on block colonized by Britain mainly and Latin America by Spain and Portugal... Cultural differences are bigger and more noticeable than geographical ones.

[@TheEmilio25]

@@Weisswolf777 is more complicated than that. For example, a Latam ETF will fail to capture the actual nuances that matter for each country. An investment in Mexico would have to be consider within the lens of its role to Northamerica, not to SouthAmerica.
Many fail to see because as you correctly suggest, it is more convenient (less effort) to put similar things in one basket, even when they actually correlate to other.
Keep in mind, Mexican DNA will have also much larger presence in US/Canada than in Brazil or Argentina. So, what's stronger, the culture or the family?

[@MaxMustermann-yj1wz]

Absolutely you don't need the banks.