Indosuez Wealth Management plans to expand its presence and employee base in Spain with the opening of new offices in Seville and Barcelona, bringing its number of offices in the country to six.

The group’s offices in Madrid and Valencia have bolstered their teams with hires of experienced executives and managers, responding to growing market demand from HNWIs and UNHWIs.

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The investment in the country is in line with Indosuez Wealth Management’s Shaping Indosuez 2020 strategic plan, which aims to accelerate growth in its key domestic markets in Europe.

Iñigo Calderón has been named head of Central Region of Indosuez Wealth Management [Spain] and will lead the wealth managers’ team in Madrid.

He previously worked at Deutsche Bank and will be joined in Madrid by Diego Rosillo, Letizia Beca, Enrique Revuelta, Andrés Francoy and Ignacio Guzmán.

The newly opened office in Seville will be led by Carlos Gálvez, who joins Indosuez as regional director of Andalusia and Extremadura, and Juan Gómez Millán, who joins the company as senior wealth manager.

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In Barcelona, Carlos Sensat, as new regional head, and Javier de Andrés as well as Jordi Solsona have joined the team, and Indosuez’s Valencia office added David Nogués as new regional head and Manuel Martínez.

Antonio Losada, CEO of Indosuez Wealth Management in Spain, commented: “Together with our new colleagues in Madrid, Valencia, Seville and Barcelona, we are now within reach of 90 per cent of the Spanish territory bringing us closer to our clients.”