The new Santander ‘Trade Finance Real Economy Fund I’, which invests in short-term trade finance assets and is registered in Luxembourg, will receive an initial capital contribution of EUR 25 million from Banco Santander. Its investment committee will have two world-renowned, independent members: Jean-François Lambert and Tom Jack.

The executive chairman of Santander and Universia, Ana Botín, presided over Universia’s 21st annual general meeting held virtually with rectors of Spanish universities. Botín appealed to the public and private sectors to work together so universities can help rebuild Spain's economy and reiterated that EU funds would prove vital to the “big leap in their transformation”.