Wharton School Announces Establishment of Partnership for Globalization with Sovereign Bank and Santander Universities

Philadelphia, PA, Oct. 6, 2010—The Wharton School of the University of Pennsylvania is pleased to announce the establishment of a Partnership for Globalization with Sovereign Bank, part of Banco Santander.  The Partnership will support two initiatives at the Wharton School and the Lauder Institute, enhancing teaching and research on the economic, technological, political and social aspects of globalization and the teaching of business languages.  This collaboration will be channeled through Santander Universities, a Global Division at Banco Santander committed to higher education.

Through this collaboration, the Lauder Institute will launch the TrendLab on Globalization, which will provide an in-depth analysis of globalizing trends on an annual basis and develop tools and methodologies to cope with them.  Central to this three-year project is a five-day conference, hosted at the University of Pennsylvania and focusing on an annual theme.  The conference will attract experts from the University of Pennsylvania and the Santander Group’s network of universities, as well as other institutions.  A scholar-in-residence with expertise on the conference’s theme will be selected to spend up to two semesters at Wharton.

The Lauder Institute, a joint venture between Wharton and the School of Arts and Sciences, will also design and implement a week-long workshop for teachers of foreign languages, drawn from the Santander network and universities in the U.S.  The purpose of these seminars is to help language teachers acquire knowledge about basic business subjects, develop strategies to incorporate them into the language curriculum, and ensure that their students learn not only to communicate effectively in a foreign language, but also to develop culturally appropriate negotiation and management skills.

“This collaboration will bring together a global network of scholars and will further the Wharton School’s commitment to expanding and sharing knowledge about today’s evolving global economy,” Wharton School Dean Thomas S. Robertson said.  “We are deeply grateful for this gift and delighted to partner with Sovereign Bank and the Santander Group.”

“Sovereign Bank is proud to build upon its engagement with the Wharton School and the Lauder Institute,” said Gabriel Jaramillo, President and Chief Executive Officer of Sovereign Bank.  We believe that these initiatives will make an important contribution to our understanding of globalization, and our ability to respond to its transformative effects.”

About the Wharton School

The Wharton School of the University of Pennsylvania—founded in 1881 as the first collegiate business school—is recognized globally for intellectual leadership and ongoing innovation across every major discipline of business education.  The most comprehensive source of business knowledge in the world, Wharton bridges research and practice through its broad engagement with the global business community.  The School has more than 4,900 undergraduate, MBA, executive MBA, and doctoral students; more than 9,000 annual participants in executive education programs; and an alumni network of 86,000 graduates.

The University of Pennsylvania’s Lauder Institute, founded in 1983, combines a world-renowned Wharton MBA with a Master’s in International Studies.  High-level language and culture training, a two-month, in-country immersion and course work from the School of Arts and Sciences prepares leaders for the ever-evolving global economy.  Graduates join the diverse, supportive and committed worldwide Lauder community—continuing a 25-year tradition of international business leadership.  The Lauder Institute also offers a MA/JD joint degree.  For more information, visit www.lauder.wharton.upenn.edu.

About Sovereign Bank and Banco Santander

Banco Santander (SAN.MC, STD.N, BNC.LN) is a retail and commercial bank, headquartered in Spain.  Founded in 1857, Santander has more than 92 million customers, approximately 14,000 branches—more than any other international bank—and 170,000 employees.  It is the largest financial group in Spain and Latin America, with leading positions in the United Kingdom and Portugal and a broad presence in Europe through its Santander Consumer Finance arm.  For more information on Santander, visit http://www.santander.com.

Sovereign Bank, a subsidiary of Banco Santander, S.A., is a financial institution with principal markets in the northeastern United States.  Sovereign has more than 700 branches, over 2,300 ATMs and approximately 8,000 team members. For more information on Sovereign Bank, visit http://www.sovereignbank.com.

About Santander Universities

Banco Santander’s commitment to progress finds its expression in the Santander Universities Global Division, whose activities through local affiliates such as Sovereign Bank form the backbone of the bank’s social action and enable it to maintain a stable alliance with the academic world.  Santander has forged long-term partnerships with 900 universities in Latin American, China, USA, Spain, Morocco, Portugal, the United Kingdom and Russia.

Santander Universities Global Division is the channel through which Banco Santander supports the higher education sector in these countries in such areas as teaching and research, international cooperation, knowledge and technology transfer, entrepreneurial initiatives, student mobility and innovation.

Santander Universities initiatives include:

• the granting of over 14,000 scholarships a year to promote study, research and initial professional work experience and bursaries to facilitate student and staff mobility between universities in the network

• the issue of almost four million university smart cards in more than 200 universities, with a high level of functional and financial features for teachers and students.

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Contact: Peter Winicov
+1.215.746.6471
mailto: winicov@wharton.upenn.edu

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