Baruch's Global Student Certificate Program Receives Support from Sovereign Bank and Santander Universities

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(L-R) Mitchel Wallerstein, President of Baruch College and Jorge Mor?n, president and CEO of Sovereign and Santander U.S. Country Head sign a collaborative agreement in support of a Global Student Certificate Program at Baruch College.

(L-R) Mitchel Wallerstein, President of Baruch College and Jorge Mor?n, president and CEO of Sovereign and Santander U.S. Country Head sign a collaborative agreement in support of a Global Student Certificate Program at Baruch College.

New York, NY. (November 9, 2011) - Sovereign Bank, a wholly owned subsidiary of Banco Santander S.A., and Santander Universities Global Division, have signed a collaborative agreement with Baruch College in support of a Global Student Certificate Program that will enable more than 40 undergraduate students to gain an international business perspective through coursework, seminars and cultural activities in the New York area. In addition, the agreement establishes an annual global student competition that will showcase the benefits of international education and exchange world-wide.

The new agreement was signed today by Jorge Morán, president and CEO of Sovereign and Santander U.S. Country Head, and Mitchel B. Wallerstein, president of Baruch College, during an on-campus ceremony.

“Situated in New York City, Baruch is recognized for having the largest accredited collegiate school of business in the United States and one of the most diverse student bodies,” said Eduardo Garrido, Director of Santander Universities, U.S. “The programs created through the agreement leverage the resources available at Baruch and our shared commitment to creating a platform for student learning and collaboration on a global level.”

The global student certificate program is a year-long, structured program that is designed to strengthen communication and leadership skills through a combination of seminars and workshops and cross-cultural situations. Throughout the year, students will also work as part of a multicultural team to develop an international business project, gaining practical experience of intercultural issues within an international business context.

“We are honored that this multi-year gift from Sovereign Santander will bring Baruch College into one of the largest and most visionary corporate-higher education partnerships in history, Santander Universities,” said President Wallerstein. “The gift will enable us to more fully realize our commitment to provide our students with a global educational experience at an affordable cost. Providing quality, low cost higher education to deserving students from the City of New York and beyond has been Baruch's historic mission since its founding.”

The agreement also establishes an annual global student competition in support of International Education Week (IEW) in November. IEW is a joint initiative of the U.S. Departments of State and Education that aims to prepare Americans for a global environment and attract future leaders from abroad to study, learn and exchange experiences in the United States through a series of educational programs and initiatives.

The competition will challenge students to create a project that promotes intercultural dialogue and global awareness. Teams will compete for the Santander Universities Global Awareness Award, which includes prize money to be used by the team in support of an activity that promotes the goals of IEW week. A panel of Santander executives will evaluate each project and present the award during a student exhibit that will be open to the college community and will serve as the college's main event during IEW week.

About Baruch College

Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 17,000 students, whose families come from 160 countries and speak more than 100 languages. Ranked among the top 15% of U.S. colleges, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to http://www.baruch.cuny.edu/.

About Santander Universities

Banco Santander's commitment to progress finds its expression in the Santander Universities Global Division, whose activities 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 more than 975 universities in the Americas, Asia and Europe. Santander Universities USA was introduced in the United States in 2009 through Sovereign Bank and has now resulted in agreements with 23 universities and colleges. The program supported 775 scholarships in 2011. Santander Universities Global Division is the channel through which Banco Santander supports the higher education sector in fifteen countries in such areas as teaching and research, international cooperation, knowledge and technology transfer, entrepreneurial initiatives, student mobility and innovation.

CONTACTS:

Manny Romero, 646-660-6141, Manuel.Romero@baruch.cuny.edu

Bryan Hurst, 617-346-7438, BHurst@sovereignbank.com