The Bank's managerial team is finalized

Transcription

1 The Bank's managerial team is finalized Since its creation, on 3 December, 31 managerial positions have been filled, in addition to all of the new company's governing bodies Everything is in place to be able to initiate operations on 1 January, having complied with all legal requirements and formed the management frontline 30 December The presidency of the bank formed by Caja Madrid, Bancaja, La Caja de Canarias, Caja de Ávila, Caixa Laietana, Caja Segovia and Caja Rioja has today appointed twenty one new operational managers, who will constitute the executive frontline of the number three financial institution in Spain. These appointments take the total number of managers appointed since the new bank was officially constituted on 3 December, and the names of the executive frontline announced, to 31. The new company, which is registered under the name Banco Financiero y de Ahorros, S.A., finishes 2010 with its main managerial frontline in place, all legal procedures complied with and in place, before the prescribed period, and all other issues dealt with, in anticipation of beginning operations on 1 January The new bank becomes the first IPS to have all of its management frontline appointed. Integration in record time In the space of merely six months the integration work initiated on 10 June 2010 has been completed, the seven savings banks arriving at an agreement to form an IPS, and henceforth fulfilling all necessary commitments. This timeframe is a record for one of the most complex integration processes in the history of the Spanish financial system, and given the number of institutions concerned (seven, spread over six autonomous communities), its territoriality (present in all provinces), its market share (11%) and turnover (390,000 millions). The new directors are as follows: General Financial and Risk Management Carlos Stilianopoulos. Chief Financial Officer Antonio Román. General Administrator 1

2 Juan Bartolomé. Director of Property Asset Management Carlos Torres. Director of Organisation and Innovation - Project Office General Director of Media Federico Navarro. Director of Human Resources Vicente Tos. Director of Systems Manuel Cobo. Director of Operations and Processes Julio Esparza. Service Manager Ignacio Ruiz de Assín. Director of Support to Service Channels Juan Antonio Arribas. Purchasing Director José Luís Martin Velayos. Director of Scheduling and Media Control Directorate General of Business Sebastián Ruiz. Director of Marketing Fernando Sobrini. Director of Personal Banking Gonzalo Alcubilla. Director of Corporate Banking Luis Gabarda. Director of Asset Management and Bancaseguros Rafael Garcés. Director of Capital Markets Gustavo Rivero. Director of Private Banking Directorate General of Investees Manuel Galarza. Director of Financial and Industrial Investees José Cortina. Property Investee Director Rafael Porras. Chief Financial Officer - Investees Vicepresidency Miguel Morillo. Coordinator of Vicepresidency To the aforementioned, the following appointments to the excecutive frontline, made on 3 December, must be added: Matías Amat, Managing Director of Investees, Aurelio Izquierdo, Managing Director of Business; Ildefonso Sánchez-Barcoj, Financial and Risk Managing Director; Pedro Vázquez, Managing Director of Media; Luis Maldonado, Director of Presidency Office, Corporate Strategy and Development; Miguel Ángel Soria, Director of Auditing; and Miguel Crespo, General and Board Secretary. On 20 December, Ignacio Navasqüés was appointed as Vice Secretary of the bank, Adolfo Porcar as a Legal Divisional Director, and Teresa Arellano as Presidency Coordinator. The new bank will officially initiate activity on Saturday 1 January with the integration of its financial, treasury, capital market, risks and general 2

3 intervention policy. The launch of the corporate website is planned for the same day. ANNEXE I: Appointments 30 December General Financial and Risk Management Carlos Stilianopoulos. Chief Financial Officer Graduate in Economics from the University of Richmond (United Kingdom). He is the Director of Treasury and Capital Market at Caja Madrid, where he has also served as Director of Origination and Unionisation. He was also Director of Origination of Banco Santander and head of origination, distribution and trading for Banco Santander de Negocios. Whilst at Banesto, he was responsible for the Eurobonds Trading Desk. Antonio Román. General Administrator Graduate in Economics and Business Studies from the Complutense University, Madrid and Master in Business Administration from the Drake University of Iowa. He is Director of Control at Caja Madrid and Chairman of the Board of Caja Madrid Pensions, as well a member of the boards of Globalvía Consultant, MAPFRE Caja Madrid Vida, SPPE and Promomadrid. At Caja Madrid he has also held the positions of Marketing Manager, Director of Business Madrid North, Scheduling and Control Director, and Director of Planning. Juan Bartolomé. Director of Property Asset Management He is Risk Director of Caja Madrid, as well as chairman of the Board of RESER Auctions, Deputy Chairman of the Spanish Mortgage Association, and Consultant to Tasamadrid, Banco SF Caja Madrid-Mapfre and Venture Capital Madrid. He has also occupied various other positions at Caja Madrid, including Promotions Director, Assistant Manager of Retail Banking, Area Commercial Director of Financing, and Director of Business Madrid South. Carlos Torres. Director of Organisation and Innovation Project Branch Graduate in Economics and Business Studies for the Complutense University of Madrid, Chartered Accountant and member of the Registry of Auditor of Accounts Economists. He holds a Master s in Financial Directorship from the IE Business School. He is Executive Director of Organisation and Innovation for Caja Madrid and has previously carried out the positions of Managing Director of HR Development, Director of Corporate Banking and Regional Director of Alicante and Murcia. 3

4 General Director of Media Federico Navarro. Director of Human Resources Graduate in Law and Business administration. He is Executive Director of Caja Madrid's Human Resources Department. He has also previously been Executive Director of Marketing, Retail Banking Audit Director and Managing Director of Altae Banco. Vicente Tos. Director of Systems Graduate in Computer Scheduling for the Institute of Public Relations of Valencia and Master of Finances for the Literary University of Valencia. He is Director of IT at Bancaja, where he has also been Director of Information Systems. Manuel Cobo. Director of Operations and Processes Graduate in Economics And Business Studies for the Complutense University of Madrid, and Senior Executive's Programme of the IESE. He is Director of Operations for Caja Madrid, Chairman of the Board of Iberpay, Deputy Chairman of the CCI (Interbank Cooperation centre), member of the Advisory Committee of the Banco de España's National Electronic Clearing System (SNCE), and consultant for the Sociedad Española de Pagos Interbancarios. At Caja Madrid, he has been Regional and Business Director, Director of Management Control, General Auditing and Internal Control and Services. Julio Esparza. Director of Services Industrial Engineer from Valencia Polytechnic University. He is the Assistant Director of Infrastructure and Media at Bancaja. He is also Director of IT at Aviva, as well as General Deputy Director of Aseval and Arthur Anderson Consulting. Ignacio Ruiz de Assín. Director of Support to Service Channels Graduate in Economics for Complutense University of Madrid and PMD from the Harvard Business School. He is director of the Multichannel Service area and Chairman of Entradas See Tickets S.A. and Eurobits Technologies. In Caja Madrid he has also held the position of General Director of Distribution Channels and Means of Payment, as well as General Director of Caja Madrid E- business. He has also previously worked for Bankinter, as Director of Marketing and HR, and at Banco Herrero, as deputy Retail Director. 4

5 Juan Antonio Arribas. Purchasing Director Business administration. He is Director of Purchasing for Caja Madrid, where he has also served as Director of the Internal Auditing Department and Director of Cash Management. José Luís Martín Velayos. Director of Scheduling and Media Control Graduate in Economics and Business Studies from the Complutense University of Madrid. He is Deputy Director General of the Technical-administrative Area of Caja de Ávila, where he has also held the positions of Property and Safety Director, and Head of Internal Auditing. He has also worked at Arthur Andersen as Audit and Consultancy Team Leader. Directorate General of Business Sebastián Ruiz. Director of Marketing Graduate in Economics and Business Studies from the University of Valencia. He is Director of Marketing at Bancaja and a consultant for Banc Gestión, Sermepa, Cavaltour, Servired, Arcalia Patrimonios and Aseval. At Bancaja, he has also served as Product and Regional Director. Fernando Sobrini. Director of Personal Banking Graduate in Law, Business studies and Economics for ICADE. He is Director of Personal Banking at Caja Madrid, where he has also been Director of Business Madrid South and Director of Corporate Business. He was previously Head of Risks and Business at Bankinter. Gonzalo Alcubilla. Director of Corporate Banking Graduated in Economics for the Complutense University of Madrid. He is Director of Corporate Banking at Caja Madrid, where he has also occupied other positions, including: Director of the Investment Portfolio, Corporate Banking Director and Director of Corporate Finance. Luis Gabarda. Director of Asset Management and Bancaseguros Graduate from ICADE E-3. He is the Chief Financial Officer of Cibeles. At Caja Madrid, he has also served as Director of Asset Management Business, the Chairman's Office and the Balance Sheet departments. He has also worked at Bank Urquijo as Director of Corporate Banking, as Chairman of Gestemar Securities; at Group Bestinver, as Managing Director; at ABN Bank, as Manager of the Madrid Office, and Director of Treasury and Capital Market; and as Financial Director for Banco de Progreso. 5

6 Rafael Garcés. Director of Capital Markets Graduate in Economics from the Autonomous University of Madrid and Expert in Business Assessment from IEAF. He is Director of Corporate Finance for Caja Madrid, where he has also served as Director of Self-Financing, Credit Markets and New Capital Market Products. He was also previously Director of Capital Market and Fixed Income at Banesto, Vice President of Illinois Bank and Head of Origination of Syndicated Loan Operations for the Bank of Vizcaya. Gustavo Rivero. Director of Private Banking Graduate in Economics from Complutense University, with a Masters in Banking and Finance, and Expert in Private Banking Assessment, from Garrigues. He is Managing Director of Caja Madrid Bolsa. He was previously Director of Private Banking at Banesto, and worked in the Fiscal Consultancy department at Bank Urquijo. Directorate General of Investees Manuel Galarza. Director of Financial and Industrial Investees Graduate in Economics and Business Studies from the University of Valencia. He attended ESADE's Senior Executive Programme. He is head of the Business and Financial Investee department for the Bancaja Group, where he has also been CEO of Bancaja Investment. He was previously Manager and Director of Consultancy at Arthur Andersen. José Cortina. Property Investee Director Graduate in Economics and Business Studies from the University of Valencia. He is chief executive of the Bancaja Property Group, for whom he has also served as the Director of the Investees and National Business departments, the Regional Director for Alicante and Albacete, Director of Risks, Commercial Director of the Corporate Banking Network and Director of the Castellón Business Unit. He has previously worked at Bank Vizcaya, as both Regional Director, and Head of Medium Enterprises. Rafael Porras. Investee Chief Financial Officer Graduate in Economics and Business Studies from Saint Louis University (the USA) and MBA from Fordham University. He is Director of Strategic Development of Cibeles and has served of Head of Special Investments, Director of Investment Analysis and Monitoring, and Corporate Development Director at Caja Madrid. He has more than 20 years of experience in the financial sector, with companies such as BBVA, Banco Santander (International Division) and Bank of America. 6

7 Vicepresidency Miguel Morillo. Coordinator of Vicepresidency With a degree in Economics and Business Studies from the University of Valencia, he is also an Auditor. He has attended several postgraduate courses at the IESE and the University of Valencia. He is Director of Corporate Development at Bancaja, and a consultant for Aseval, Bancaja Bancassurance, Bancaja Asset Management, Arcalia Sociedad de Valores and Invercalia. He has also occupied various executive positions in Bancaja, in the Financial Management and Management and Control of the Group of Investee Companies departments. 7