Letter from the Cecabank CEO
Cecabank has become a Spanish leader on the specialist wholesale financial services market.
We are a wholesale bank, of Spanish capital, dedicated to providing services with a high level of requirements and excellence to all financial institutions, as well as to large businesses. Our strengths are closely linked to our values:
• our strong specialisation in the financial sector, the result of years of experience, places us in a leading position in knowledge and rigour;
• our technological skills enable us to manage a high volume of processes with great accuracy, demonstrating our ability to adapt to change;
• and our prudent and rigorous management, with the aim of preserving our solvency, highlights the art of caution that we apply in our daily activity.
We are committed to professionalism in all three of our service areas:
Securities Services encompasses the entire value chain of the depositary, securities custody and settlement service, on both a national and an international level. It is the area that has grown the most since our foundation: we are the benchmark independent national depositary for Collective Investment Institutions and Pension Funds (CII/FP); and we have the necessary know-how to simultaneously carry out different business depositary integration processes in the shortest possible time.
In Treasury Management, we carry out trading, liquidity management, collaterals, derivatives, operations on our own behalf and for third parties, and we operate in the main currencies; we are market makers of Spanish public debt; a member of the four central clearing houses (CCP); and are market leaders in the wholesale distribution of banknotes.
And in Banking Services we offer support solutions to business processes specialised in payments, business channels and intelligence; we have intensive technological capabilities, which is why we can offer a broad range of banking services that require process management, such as methods of payment or business intelligence; we have a whole network of overseas correspondents for developing business abroad; and we offer financial training services via our own school, in addition to regulatory advice and consultancy services.
Thanks to these foundations, Cecabank has consolidated its leadership in the Spanish post-trading business.
Mr José María Méndez Álvarez-Cedrón
CEO of Cecabank