Oscar Martínez Sáenz

Analistas Financieros Internacionales SA (AFI) is an investment research firm headquartered in Madrid, Spain. The firm was founded by Emilio Ontiveros Baeza and Dr. Ángel Berges Lobera in 1987. They are a subsidiary of Grupo Ahorro Corporación. AFI provides advisory, consultancy and training services in economics, finance and technology to banks, insurance companies, investment services companies, institutional investors and private wealth, public authorities, non-financial companies and multilateral agencies.

Norbolsa Sociedad de Valores SA is the broker/dealer subsidiary of Kutxabank SA in Spain. Headquartered in Bilbao, the firm was founded in 1989 to provide stockbroking and financial services to various investors.

Santander Asset Management SA SGIIC (Santander AM) is the asset management subsidiary of Santander Asset Management Investment Holdings Ltd. in Great Britain, itself a subsidiary of Banco Santander SA (BME: SAN) in Spain. Founded in 1971, the firm is headquartered in Madrid and has a network of offices throughout Spain and local investment teams throughout the world. Santander AM manages a volume of assets for both individual and institutional clients, as well as for Santander Group subsidiaries in all geographies.

Fonditel Gestión SGIIC SA is the fund management subsidiary of Telefónica Capital SAU, itself a subsidiary of Telefónica SA (BME: TEF) in Spain. Headquartered in Madid, the firm was founded in 2003 to utilize their pension fund management experience and to offer a range of investment funds for all risk profiles.

Intermoney Gestión SGIIC SA (Intermoney) is the fund management subsidiary of Corretaje e Información Monetaria y de Devisas SA in Spain. Founded in 1987, the firm is headquartered in Madrid and manages two range of actively managed funds, one classic and the other technological (imdi), for private and institutional clients.

Santa Lucía Asset Management SGIIC SA (Santalucía AM) is the asset management subsidiary of Santa Lucía SA Compañía de Seguros y Reaseguros in Spain. The firm was founded by Edwin Voerman in 2008 as the result of the merger between two management companies: Alpha Plus Gestora SGIIC and Santalucía Gestión SGIIC (formerly Aviva Gestión). Headquartered in Madrid, Santalucía AM provides discretionary portfolio management and offers investment funds to private and institutional clients.

Dunas Capital Asset Management SGIIC SA is the asset management subsidiary of Inverseguros SA, which is owned by Dunas Capital España SL in Spain. The firm was founded in 1988 as Inverseguros Gestión SGIIC SAU. Headquartered in Madrid, Dunas Capital Asset Management manages mutual funds for institutional clients.

Mapfre Asset Management SGIIC SA is the Madrid-based, wholly-owned subsidiary of Mapfre Inversion Sociedad de Valores SA, itself a subsidiary of Fundación Mapfre in Spain. Established in 1988, the firm provides fund management to individual and institutional clients.

JB Capital Markets Sociedad de Valores SA (JB Capital Markets) is a broker/dealer firm headquartered in Madrid, Spain. The firm was founded by Javier Botín in 2008 and formerly known as M&B Capital Markets Sociedad de Valores SA. JB Capital Markets offers brokerage and advisory services to a wide base of institutional investors.

Instituto de Estudios Económicos (IEE) is an independent investment research firm headquartered in Madrid, Spain. IEE was founded in 1979 by a group of Spanish businessmen to promote, carry out and disseminate work and research on economic and social matters.

Gescooperativo SA SGIIC is the investment management subsidiary of Rural Informatica SA, itself a subsidiary of Banco Cooperativo Español SA in Spain. Headquartered in Madrid, the firm was founded in 1991 and manages the Rural range of funds for institutional and individual investors.