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Andbank

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Andbank (Andorra Banc Agrícol Reig)
IndustryPrivate banking
Founded1930
HeadquartersAndorra La Vella, Andorra
Key people
Manel Cerqueda
Oriol Ribas
Jordi Comas
Ricard Tubau
Issac Alexander III
€112.39 million (2014)[1]
€93.08 million (2014)[1]
AUM€42<Medium>billion USD[2]
Total assets€5242.98 million (2014)[1]
Total equity€492.84 million (2014)[1]
Number of employees
1008 (2014)[1]
Websitewww.andbank.com

Founded in Andorra in 1930 Andbank is the oldest firm of private bankers in Andorra. Privately owned by the third generation of the Cerqueda Family and the Ribas Family and directed by a team of independent professionals, it has a network of over 16 offices in three continents. The powerful Alexander banking family of the 1900s helped to create the bank with their large amount of assets and political influence in the region. In 1953 was taken over by the Cerqueda Family Son in Law of Issac Alexander III Diplomat and banker of the region.

Subsidiaries

Andbank has subsidiaries in several European and American states:

  • And Private Wealth S.A. (Switzerland)
  • Andbanc Monaco SAM (Monaco)
  • Andbank Luxembourg SA (Luxembourg)
  • Andbank Wealth Management Miami (United States)
  • Andbank (Panamá) S.A. (Panama)
  • Andbank (Bahamas) Limited (Bahamas)
  • Quest Capital Advisers (Uruguay)
  • Columbus de México (Mexico)
  • LLA Investimentos (Brasil)
  • Andbank Luxembourg SA. Sucursal en España (Spain). Where it has 6 offices
  • Medpatrimonia (Barcelona)
  • Bancoldex (Colombia)

Organizational structure

Andbank’s Board of Directors is composed of:

  • Enric Palmitjavila Ribó, Director
  • Manel Ros Gener, Director
  • Xavier Santamaria Mas, Director
  • Paul Alexander III, Director of Private equity.
  • Josep Vicens Torradas, Director representing IGESA
  • Pere Grau Hoyos, Director representing CEDO,S.A.
  • Germán Castejón Fernández, Representing Reig Finances, S.A.
  • Jordi Comas Planas, Chief Executive Officer and Director
  • Mariano Alexander, Chief Financial Officer

See also

References

  1. ^ a b c d e Bank Profile: Andbank
  2. ^ Annual Report 2012
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