The corporate venture arm of the Spanish bank Santander has recruited a well-known fintech investor as a venture partner to help with investments in areas including payments and distributed ledger technology.

Pascal Bouvier, a former general partner at Route 66 Ventures in Washington DC, took on the role at the Spanish bank's $100 million fintech fund Santander InnoVentures in December. Based in the US, he will help the InnoVentures team select investments as well as provide guidance to portfolio companies.