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Andbank

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Andbank (Andorra Banc Agrícol Reig)
Company typePrivate Company
IndustryBanking
Founded1930; 94 years ago (1930) as Banc Agrícol i Comercial d’Andorra
HeadquartersAndorra La Vella, Andorra
Key people
Manel Cerqueda Donadeu
Oriol Ribas Duró
Ricard Tubau Roca
€256 million (2016)[1]
€61 million (2016)[1]
AUM€21,989 million (2016)[2]
Total assets€4,989million (2016)[1]
Number of employees
1142 (2016)[1]
Websitewww.andbank.com

Andbank is a universal bank based in Andorra providing retail, private and corporate banking services in Andorra and internationally.

History

Andbank was created in August 2001 as a result of the merger between Banc Agrícol i Comercial d’Andorra (that was founded in 1930) and Banca Reig (founded in 1956).[1]

Organizational structure

The firm is privately owned by the Cerqueda and Ribas families. It is directed by a team of independent professionals.

Andbank’s Board of Directors is composed of the following individuals:

  • Oscar Ribas Reig, Honorary Chairman
  • Manuel Cerqueda Donadeu, Chairman
  • Oriol Ribas Duró, Deputy
  • German Castejón Fernández, Director
  • Manuel Cerqueda Diez, Director representing Cerqueda Donadeu, S.A.
  • Jorge Maortua, Director representing Reig Finances S.A.U.
  • Manuel Ros Gener, Director
  • Xavier Santamaria Mas, Director
  • Jaume Serra Serra, Director
  • Josep Vicens Torradas, Director representing Inversion, Gestions i Estudis, S.A.U.
  • Jacobo Baltar García Peñuela, Secretary General
  • Ricard Tubau Roca, CEO

Subsidiaries

Andbank has a network of forty subsidiaries in Europe, America, and Asia, including:

  • Andbank Monaco SAM (Monaco)
  • Andbank Luxembourg S.A. (Luxembourg)
  • Andbanc Wealth Management, LLC (Miami, United States)
  • Andbanc Brokerage, LLC (Miami, United States)
  • Andbanc Advisory, LLC (Miami, United States)
  • Andbank (Panamá) S.A. (Panama)
  • Andbank (Bahamas) Limited (Bahamas)
  • AND PB Financial Services, S.A. (Uruguay)
  • Quest Capital Advisers Agente de Valores, S.A. (Uruguay)
  • Columbus de Mexico, S.A. de CV (Mexico)
  • Banco Andbank (Brasil), S.A. (Brazil)
  • Andbank España S.A.U. (Spain)
  • Andbank Wealth Management SGIIC S.A.U. (Spain)
  • Medpatrimonia Invest S.L. (Spain)
  • Sigma Portfolio Management (Israel)

See also

References

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