Vall Banc

International Ownership

Vall Banc was founded in 2015 and acquired by J.C. Flowers & Co. in 2016. We share the principles of our owner and have added our own to them. In doing this way we apply Patrick Geddes’ famous phrase “Think globally, act locally”.

JCF is a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1988, the firm has invested nearly $15 billion of capital, including co-investment, in 51 portfolio companies in 17 countries. JCF’s activities cover a range of deal types and industry sectors including banking, insurance and reinsurance, securities, services and asset management, and speciality finance. With approximately $7 billion of assets under management, JCF has offices in New York and London.

Values and Principles

In our Ethics and Conduct Codes, we promise our clients and business partners to always act in a responsible, trustworthy fashion in line with their best interests.

We firmly believe that the way we succeed is just as important as the success itself. In this regard, absolute integrity in everything we do is an integral part of our Code of Ethics.

Through our Code of Conduct at Vall Banc, we are committed to acting loyally, responsibly and reliably with both clients and business partners, in line with the highest standards of transparency, integrity and good governance.

We also adhere to all applicable laws and regulations as well as to the regulations applicable to our activities. This is to avoid risks that could damage our reputation. This maxim applies to all Vall Banc services.

We are committed to the highest professionalism, precision, diligence and transparency for our clients, business partners and owners. Protecting their assets is our highest priority.

Board of Directors

At Vall Banc, we have an international Board of Directors that incorporates the experience of the following members:

Richard Carrión


Michael Christner

Chief Executive Officer

Juan Gortazar Sánchez-Torres

Independent member of the Board of Directors

Christian Merle

Independent member of the Board of Directors

David Betbesé Aleix

Independent member and secretary of the Board of Directors

Management Team

Michael Christner

Chief Executive Officer

Gerard Albà

General Manager - Managing Director of Business

Mike Saur

Deputy General Manager - Chief Operating Officer

Eric Andersson

Deputy General Manager - Fintech Strategy Director

Vall Banc Fons Management Team

Arnau Via

General Director of Management

Eduard Ballesta

General Director of Control

International collaborators

One of the strengths of our organisation lies in our network of local and international alliances that allow us to offer you all the knowledge of the best professionals and the best investment solutions.

BlackRock Inc.

BlackRock is a global leader in investment management, risk management and advisory services for institutional clients. Utilising asset allocation from BlackRock, Vall Banc offers its clients new investment portfolios which are constructed by Vall Banc and provides comprehensive asset management tools, services and products.

Kersio Capital

Kersio Capital is known for its experience, high performance and stability. Vall Banc Kersio equity fund enables Vall Banc to offer another diversified and profitable high-quality investment.

Social Engagement

As part of the Andorran community, we are committed to doing our part. That is why we support many corporate social responsibility activities. Below is an overview on some of them:

Vall Banc, SAU

12 months of fighting cancer

Among the actions in which Vall Banc has greater involvement, we highlight the development of activities to raise awareness about the fight against cancer and, in particular, collaborating with the Andorran Association Against Cancer.


Sport, with a high-profile element of the country, is one of pillars of the entity. Transmitting values and potential is achieved with the support of events such as the Vall Banc Andorra Open, a world padel tennis commpetition, or Sta. Coloma Football Club.


Education and Economy

We promote educational activities to support students such as the MISTI project, an initiative of the Government of Andorra and the Massachusetts Institute of Technology to offer Andorran students scientific and technological training.