Santander Corporate & Investment Banking (“Santander CIB”), Santander’s global division that supports corporate and institutional clients, and Pemberton Asset Management (“Pemberton”), a leading European private credit manager, today announced a strategic partnership to launch Invensa, a new company focused on providing large and mid-sized corporates with supply chain inventory solutions. The launch is subject to relevant regulatory approvals.
In the wake of growing supply chain disruptions in recent years, triggered by events such as the pandemic, geopolitical tensions and a changing macroeconomic environment, companies of all sizes are increasingly focused on ensuring greater resiliency in the supply of key goods and raw materials.
Leveraging the skills and expertise of Santander, as a global leader in trade finance, and Pemberton, as a leading provider of non-bank working capital solutions, Invensa will support the shift from 'just-in-time' to 'just-in-case' supply chain models and enable operationally efficient, flexible inventory financing and management at large scale.
Jose M. Linares, Global head Santander CIB and Senior Executive Vice President Santander stated: ”As a leading bank in the trade & working capital space it is important for us to be able to offer the full range of solutions to manage the end-to-end working capital of our clients of which inventory is a very relevant part. We have been facilitating third-party leading inventory finance solutions to our clients during more than 10 years and this partnership with Pemberton enables us to serve our clients as a long-term partner and deliver an increasingly business critical solution".
Symon Drake-Brockman, CEO of Pemberton, said: “The partnership between Santander CIB and Pemberton brings together two firms at the vanguard of their respective markets. The combined offering strategically positions us to deliver innovative inventory management solutions that address the evolving needs of companies and their supply chains worldwide.”
Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of the third quarter of 2024, Banco Santander had €1.3 trillion in total funds, 171 million customers, 8,100 branches and 208,000 employees.
Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that contribute to the progress of society.
Pemberton Asset Management (‘Pemberton’) is a leading European private credit manager. We offer an innovative, highly diversified range of credit strategies for investors and borrowers. Built on more than a decade of experience developing market shaping solutions, we provide market leading credit analysis through a substantial and independent credit function and local market expertise through our 10 European office network. All investments are conducted with a clear focus on sustainability by embedding ESG criteria into our investment processes and monitoring the ESG credentials of our borrowers. We are relentless in creating new opportunities and building open and transparent relationships, bringing clarity to complex credit markets for our clients.
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