Banco de Madrid, S.A.U.

Banco de Madrid, S.A.U., a private bank, provides banking products and services in Spain. The company offers investment solutions, such as discretionary portfolio management, investment companies with variable capital (SICAVs), investment funds, structured financial products, fixed and variable income, pension plans, and savings/investment insurance. It also provides financial planning services; and wealth management services, including Banco Madrid SICAV Selecci n, a fund that invests in the open-ended investment funds in the Spanish market. The company was founded in 2003 and is based in Madrid, Spain. As of July 20, 2011, Banco de Madrid, S.A.U. operates as a subsidiary of Banca Privada d'Andorra.