The recruitment is being overseen by the head of Santander Corporate and Investment Banking, Jose M. Linares, also a former JPMorgan banker.
As well as the United States, some new investment bankers will join Santander in Britain and Spain.
"This typically has been one of the main issues for growing an investment banking business, given that the capital consumption ... is bigger."
The contribution from the overall investment bank to Santander's group's earnings rose to 32% in the first quarter of 2023, from around 20% in 2019.
Overall, profits at Santander's corporate and investment bank have risen since 2019 by around 60% to 2.8 billion euros ($3.2 billion) at the end of 2022.
Persons:
Ana Botin, Jose M, Linares, Goldman Sachs, Amherst Pierpont, Gonzalo Lopez, Lopez, Christiana Riley, Jose Manuel Linares, Jesús, John O'Donnell, Mark Potter
Organizations:
Reuters, Spain's, JPMorgan, Credit Suisse, Santander Corporate, Investment Banking, Santander, Wall, U.S, Deutsche Bank, Thomson
Locations:
MADRID, LONDON, Santander, United States, Europe, Latin America, Britain, Spain, U.S, America