Santander has announced the re-organisation of its global transaction banking (GTB) division, headed by José Luis Calderón.

Yago Espinosa de los Monteros will head up global cash management in GTB, responsible for the development and sale of specialised solutions for managing payment collection, liquidity and communications for the bank’s corporate and insurance-sector clients.

As GTB head of trade and working capital solutions, Rogier Schulpen will be responsible for optimising Santander’s working capital product offering, specifically products related to receivables, payables and inventories, and developing products’ risk-mitigating structures.

Octaviano Couttolenc will head up export and agency finance, working closely with ECAs and multilateral agencies to originate, structure and oversee financing activities like buyer and supplier credits and guarantees.

Alberto Amo will be head of GTB trade asset solutions, co-ordinating trade flow product plans for corporate clients whilst taking responsibility for solutions requiring legal counsel on regulatory, capital and liquidity issues.

Julia García Romano becomes Santander’s GTB head of international financial institutions (IFI), covering the sale and development of GTB products to clients in that segment.

In August this year, GTR reported on Calderon’s appointment as global head of GTB at Santander. Previously head of GTB in Spain and Portugal, he has 16 years’ transaction banking experience.