March AM reorganizes its internal structure to promote ESG investment and institutional sicav

Internal changes in March Asset Management. The asset manager of Banca March has readapted its structure to promote a new area of ​​socially responsible investment and give it a new life to the famous institutional sicav of the group.

First, March AM has appointed Antonio López Silvestre as head of ISR, who, in addition to the functions of head of European Management, will from now on be in charge of integrating the roadmap and ISR strategy at both corporate and business levels, according to Invertia’s knowledge from market sources. The position is newly created.

The Spanish bank has developed a policy of ESG criteria (environmental, social and corporate governance) that establishes a general framework of action for the execution of its corporate activities in full accordance with these values. The involvement of March AM has meant, since March, the incorporation of ESG factors in investment analysis, decision-making processes, disclosure of ESG matters in invested entities, presentation of transparency reports and risk management.

Within its SRI implementation strategy, March AM has applied to all its mutual funds and pension plans article 6 of the EU Regulation on Sustainable Finance Disclosure (SFDR, for its acronym in English). The regulations came into force in March of this year, and the manager is working with the objective that the funds it offers are classified in article 8 and article 9 of the SFDR.

For this, the firm has relied on leading providers in the sector such as Sustainalytics, Clarity AI, ISS and its wholesale bank Inversis Banco, with whom it is working hand in hand to develop its own tool that meets all its needs.

Institutional Sicavs

On the other hand, the manager has appointed two new co-managers responsible for its three institutional sicavs: Torrenova de Inversiones, the largest sicav in Spain, Lluc Valores and Cartera Bellver. Carlos Ruiz de Antequera, signed as Director of Investments also last March from Santander, becomes co-manager of them.

In this way, you will be in charge, along with Jose Luis Palma (arrived a year ago from Belgravia Capital), from one of the key areas for March AM, since they are the historical vehicles where the March family co-invests with the bank’s clients.

March AM gestiona 5,000 million euros in assets and, of this volume, close to 1,500 million correspond to these three institutional sicavs. Torrenova alone handles more than 900 million, according to recent data from the Balearic group.

This double appointment occurs after the recent departure of Juan Berberana, who for many years was in charge of the management of Torrenova.

Apart from these companies, March AM has strengthened the European Equities management team with the rise of Javier Criado Andrés (who was already part of the manager since 2015) as analyst and co-manager of the Iberian and European strategies.

Above, and after the appointment of Juan Manuel Soto as executive president of March AM in March 2020 (also of March Private Equity), the organization chart is headed by the general director Javier Escribano, while Cristina Gómez Noblejas is the director commercial since January after arriving from HSBC.

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