SantanderInvestment has recruited Philip Bullen, Christopher Goudie, Peter Hartley and Kathryn Matthews to build its global asset management business among pension funds, mu-tual funds and other portfolios.

All four were main board directors of Baring Asset Management and had been responsible for its institutional asset management business worldwide ex-cluding Asia. The new asset management group will have offices in London and Boston and will report to Ana Botin, Santander's CEO.