S64, the trusted alternative investments fintech and solutions partner to the world’s leading asset managers and private banks, today announces the appointment of Pedro Sabido as Head of Iberia.

Pedro, who will be based in Madrid, will drive the expansion of S64’s client base of private banks, wealth managers and asset managers in Spain, Portugal and Andorra. The appointment follows a number of other senior hires globally, including in Japan and Australia.

Spain, Portugal and Andorra represent significant opportunities for S64 to further cement its leadership position in Europe, delivering its unrivalled product innovation and technology capabilities to wealth managers, private banks and asset managers.

Pedro brings a decade of industry-leading private banking experience to S64. He began his private banking career at Santander covering Brazil and Latin America, before joining UBS Wealth Management in London. Pedro then joined Allfunds as Head of Business Development in Brazil in October 2021, a role which saw him grow the company’s presence in the region considerably in just two years.

Tarun Nagpal, Founder and CEO at S64, said: “Iberia is an important focus region for S64. Pedro’s appointment comes at a significant time as the wealth and retail demand for private market products continues to accelerate across Europe and Asia. Pedro’s private banking background is invaluable to our clients and his deep understanding of these markets and existing connectivy will help to drive the continued expansion of our industry-leading technology platform and product solutions.”

Pedro Sabido added: “I am thoroughly looking forward to working with the S64 team at a time when the business is going through an extensive period of growth. Addressing the demand for private markets from private wealth in Spain, Portugal and Andorra is a very exciting prospect and we are well-positioned to take advantage of these opportunities with our industry-leading proposition.”

Pedro’s appointment represents the latest in a series of strategic hires amid rising demand from the private wealth industry in EMEA and APAC for private markets access, demonstrating S64’s global ambitions to pioneer technology and solutions that capture the extensive private markets opportunities on offer.