Yes.
Santiago, (also San Tiago, Santyago, Sant-Yago, San Thiago) is a Spanish name that derives from the Hebrew name Jacob (Ya'akov) via "Sant Iago", first used to denote Saint James the Great, the brother of John the Apostle.
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That is another example of the importance of transliterating names correctly, otherwise you end up with a completely different sounding name from the original.