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Corporate

Bankia announces new organisational structure

Bankia has unveiled its new organisational structure today, created in response to the merger with BMN to exploit the greater business opportunities of the new arrangement and boost synergies.
Bankia Comunicación

By Bankia Comunicación

Publish on 
14 December 2017

  • BMN’s serving CEO, Joaquín Cánovas, will join Bankia’s Management Committee as Deputy General Director of Holdings and Associated Businesses
  • Retail arm will be split into 12 regional head offices, compared to previous 10, while business arm will continue to comprise five business banking directorates
  • Changes form part of the work to reorganise and configure the management structure to exploit greater business opportunities and boost synergies following the merger

Bankia has unveiled its new organisational structure today, created in response to the merger with BMN to exploit the greater business opportunities of the new arrangement and boost synergies.   

Following the merger, BMN's serving CEO, Joaquín Cánovas, will join Bankia's Management Committee, the bank's highest governing body. Cánovas will be appointed Deputy General Director of Holdings and Associated Businesses, responsible for investee management, the insurance business, the agency network, and for forging partnerships in new businesses.

Cánovas took up the post of BMN CEO in January 2013. Born in 1956, he has a Degree in Economics and Business Studies from the University of Valencia, a Diploma in Strategic Planning, a Master's Degree in Integrated Marketing Management from ESADA, and an MBA from the Autonomous University of Madrid.

Following his appointment, the Management Committee will have eight members: Chairman, José Ignacio Goirigolzarri; CEO, José Sevilla; General Director of People, Organisation and Technology, Antonio Ortega; General Director of Communications and External Relations, Amalia Blanco; Deputy General Director of Retail Banking, Fernando Sobrini; Deputy General Director of Business Banking, Gonzalo Alcubilla; Deputy General Director of the General Secretariat, Miguel Crespo; and Deputy General Director of Holdings and Associated Businesses, Joaquín Cánovas.

These changes will take effect once the final administrative authorisations for the merger are received, and are an integral part of the bank's strategy to build a more responsive and more horizontal structure, aimed at driving up business, expediting decision-making, and creating personal development and talent management opportunities.

Restructuring of Risks function

The Risks Directorate will be split into two corporate directorates in the new organisational structure.

One will be responsible for defining the bank's risk policies, and creating and validating all the risk methodologies and models used as per the regulatory guidelines of the European banking supervisor.

The other corporate directorate will manage the bank's entire credit risk cycle: loan approvals, monitoring, recoveries and management of foreclosed properties.

Regional retail banking structure

In the new structure, the retail banking arm will comprise 12 regional head offices compared to the previous 10, since new offices will be established for the Balearic Islands and Andalusia. Bankia already has a head office for Alicante and Murcia, which will remain in the new organisation.

  • Madrid North Regional Head Office: Eugenio Solla Tomé. He has been with the group since 2004, and has been responsible for this region since July 2015.
  • Madrid East Regional Head Office: Faustino Ortiz Merino. He joined the bank in 1988, and has been in charge of the North Business Banking Division since April 2015.
  •  Madrid South-east Regional Head Office: David López Puig. He joined the group in 2001, and has been responsible for this region since July 2015.
  • Valencia and Castellón Regional Head Office: Jaime Casas Poy. He started working for the bank in 1996, and is currently head of the Cataluña and Islas Baleares Regional Head Office.
  • Murcia and Alicante Regional Head Office: Olga García Saz. She joined BMN in 2000. García previously oversaw BMN’s Levante Regional Head Office.
  • Cataluña Regional Head Office: Miguel Capdevila Mulet. He started his career with the group in 1990, and has headed up Bankia’s Valencia and Castellón Regional Head Office since December 2013.
  • Islas Baleares Regional Head Office: Antoni Serra Caldés. He has worked for BMN since 1998, and previously served as BMN’s regional director for the Islas Baleares.
  • Castilla-Leon Regional Head Office: Lola Peñas Guzmán. She joined the bank in 1990, and has held this post since August 2016.
  • North Regional Head Office: Julio Martín García. He started his career with the bank in 1991, and was appointed director for this region in December 2013.
  • Castilla-La Mancha and Extremadura Regional Head Office: Jaime Campos Muñoz. He started working for the bank in 1997, and held the post of Corporate Marketing Director until now.
  • Andalucía Regional Head Office: Joaquín Holgado Pérez. He started with the bank in 2004, and previously headed up the Castile-La Mancha and Andalucía Regional Head Office.
  • Islas Canarias Regional Head Office: Federico Navarro Cuesta. He started working for the bank in 1997, and was appointed as director for this region in July 2015.

Regional business banking structure

The business banking arm will continue with the same regional structure of five business banking directorates.

  • Business Banking – Centre: Juan Luis Vidal Álvarez-Ossorio. he joined the bank in March 1995, and held the post of Corporate SMEs Director until now.
  • Business Banking – Levante: José Manuel García Trany. He has worked for the group since 1999, holding this post since November 2016.
  • Business Banking – South-Islas Canarias: Salvador Curiel Chaves. He joined BMN in September 1994, and previously served as BMN’s regional director for Granada.
  • Business Banking – North: Belén Martín Sanz. She has worked for the group since 1998, and has been responsible for Business Banking – North since November 2016.
  • Business Banking – Cataluña-Islas Baleares: Manel López Arranz. He joined the group in 1989, overseeing business banking in Cataluña since 2011.

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