This is the fourth equity research alliance for Santander Corporate & Investment Banking that strengthens its ability to deliver differentiated insights to clients in the United States and complements its established market position in Europe and Latin America.

New York, Madrid, December, 9, 2025.
Santander Corporate & Investment Banking (Santander CIB) today announced that its U.S. broker-dealer, Santander US Capital Markets LLC, has entered into a strategic equity research alliance with MoffettNathanson LLC (MoffettNathanson), focused on the Technology, Media and Telecom (TMT) industry. This marks Santander CIB’s fourth U.S. equity research alliance, following earlier agreements with Telsey Advisory Group LLC (retail, consumer, and e-commerce), Vertical Research Partners LLC (industrials and materials), and Nephron Research LLC (healthcare).

MoffettNathanson is a leading independent equity research publisher whose team of analysts provide deep insight into influential companies in sectors across the TMT landscape. Through this alliance, Santander CIB will further strengthen its U.S. client offerings by expanding access to specialized equity research and sector intelligence through MoffettNathanson, while MoffettNathanson will benefit from Santander’s global scale, cross-border reach, and capital markets expertise to amplify its impact with institutional investors worldwide.

David Hermer, Head of Santander CIB US said: “MoffettNathanson’s research leadership in Technology, Media and Telecom adds exceptional depth to our U.S. platform. The TMT sector sits at the heart of global innovation and transformation, and this collaboration reinforces our commitment to delivering distinctive insights and strategic perspective to clients around the world.”

Craig Moffett, Co-Founder and Senior Analyst, MoffettNathanson commented: “We're thrilled to be working with Santander on this important initiative. This is an exciting time in the equity markets, and we're eager to deliver new growth investment opportunities to our institutional clients.  Santander's deep relationships, experience, and strong balance sheet make them an ideal partner."