NEW YORK--()--Telsey Advisory Group LLC (TAG) announced today that it has entered a strategic alliance with Santander’s U.S. broker-dealer subsidiary Santander U.S. Capital Markets LLC.

TAG is a recognized leader in the consumer sector, with an established track record, highly regarded analysts, and a clear vision for expansion. TAG, founded in 2006 by Dana Telsey, is a leading equity research firm, with a strong institutional equity sales and agency trading platform focused on the Retail & Consumer and E-commerce sectors, covering close to 100 companies.

Telsey Advisory Group will be a provider of research coverage of the Retail & Consumer and e-commerce sectors in the United States to Santander and its clients. The benefits from this alliance of TAG’s well-known franchise in the Retail & Consumer and e-commerce sectors and its strong institutional equity sales and agency trading platform, along with Santander’s expertise in areas of origination and underwriting in multi-asset classes and its extensive scale and geographical reach bolsters the opportunities for growth for both companies.

Dana Telsey, Founder and Chief Executive Officer of Telsey Advisory Group, commented: “We are thrilled to partner with Santander, one of the largest global banks, as they accelerate their U.S. capital markets business. We look forward to collaboratively leveraging the U.S. consumer research product and institutional relationships of TAG with the complete set of services that Santander provides to its corporate clients. With Santander’s leading market position in Europe and Latin America, the goals for expansion of Santander in the U.S. are aligned with those of TAG.”

David Hermer, head of Santander CIB US said: “Today’s announcement complements our U.S. growth strategy across all industry and product groups in the last 18 months. The alliance with top-notch equity research firms completes the full suite of product capabilities we deliver to our corporate clients globally and strengthens Santander´s equity capital markets offering in the U.S.”

About Telsey Advisory Group LLC

Telsey Advisory Group LLC (TAG) is a SEC registered broker dealer (Member FINRA/SIPC) offering equity research, trading, investment banking and consulting services. TAG is one of Wall Street’s leading equity research firms, devoted to over 14 consumer sectors, including apparel & footwear, cosmetics, department stores, discounters, e-commerce, food & beverage, hardlines, home, luxury, new economy, off price, specialty apparel, sporting goods and supermarkets. TAG markets its services to hedge funds, mutual funds, private equity firms, and private and public consumer companies. For more information about TAG, please visit www.Telseygroup.com

About Santander

Banco Santander (SAN SM) is a leading commercial bank, founded in 1857 and headquartered in Spain and one of the largest banks in the world by market capitalization. The group’s activities are consolidated into five global businesses: Retail & Commercial Banking, Digital Consumer Bank, Corporate & Investment Banking (CIB), Wealth Management & Insurance and Payments (PagoNxt and Cards). This operating model allows the bank to better leverage its unique combination of global scale and local leadership. Santander aims to be the best open financial services platform providing services to individuals, SMEs, corporates, financial institutions and governments. The bank’s purpose is to help people and businesses prosper in a simple, personal and fair way. Santander is building a more responsible bank and has made a number of commitments to support this objective, including raising €220 billion in green financing between 2019 and 2030. At the end of the third quarter of 2024, Banco Santander had €1.3 trillion in total funds, 171 million customers, 8,100 branches and 208,000 employees.

Santander Corporate & Investment Banking (Santander CIB) is Santander’s global division that supports corporate and institutional clients, offering tailored services and value-added wholesale products suited to their complexity and sophistication, as well as to responsible banking standards that contribute to the progress of society. Santander US Capital Markets LLC is the institutional broker-dealer of Santander in the United States, operating under Santander Corporate & Investment Banking.