Management staff

BBVA has released the 2021 annual report on the remuneration of directors. For the first time the bank is applying the directors’ remuneration policy approved at the latest Annual General Meeting (AGM), which includes the best practices in the market in terms of compensation. In 2021, a year in which the bank posted its highest recurring result and the highest cash dividend per share of the past ten years, the total remuneration for the Chair and the CEO increased 5 percent and 8 percent, respectively, compared to 2019. The remuneration of 2020 is not comparable as that year both waived their full variable compensation as a gesture of responsibility during a period heavily marked by the pandemic.

Garanti BBVA was named the winner of a Gold Stevie Award in the “Best Annual Report” category for its 2019 Integrated Annual Report published under the tagline, “The Next Decade.” The Stevie International Business Awards is the only global awards program that recognizes well-known international companies and executives for their achievements.

Garanti BBVA’s management team received first place in the 2019 Corporate Management Awards presented by the Turkish Union of Corporate Management (TKYD).

BBVA has named Mario Pardo Bayona the new CEO of BBVA in Colombia. He will replace Óscar Cabrera, who is leaving the Group to take on new personal and professional challenges, following a successful career in both Spain and Latin America.

BBVA USA said that Ignacio J. Carnicero is its new Chief Risk Officer, responsible for the bank’s enterprise risk management program, in news that was first announced to employees in early October 2019.

BBVA’s cultural transformation should lie squarely in the promotion of a more diverse, more flexible, more equitable structure that supports a balance between personal and professional life. These are some of the thoughts bank employees were able to share with members of the executive management team, including CEO Onur Genç.

When Simple appointed David Hijirida as CEO in November 2018, the Amazon alum was excited to get back to his banking roots, the industry where he’d first cut his teeth.

BBVA Compass today named José Luis Elechiguerra as its Head of Business Development, where he will oversee the BBVA Group’s U.S. efforts around the ongoing digital transformation of its products and services.

BBVA Compass announced Wednesday the appointment of David Bolocan as its Executive Director of Consumer Segments and Deposits, where he has overall responsibility for setting the strategic direction of consumer deposit products and the retail and mass market segments.

Alberto Charro has been named the executive chairman of BBVA Uruguay, replacing Antonio Alonso, who is retiring after 35 years with the BBVA Group. Alberto Charro will take up his new post on August 1.

BBVA Compass, the U.S. subsidiary of global financial services group BBVA, announced last Wednesday that Celie Niehaus has been named the bank’s Chief Compliance Officer and a member of its Management Committee.

Following up on her recognition of being named among the Most Powerful Women in Business by Black Enterprise, BBVA Compass Chief Talent & Culture Executive Rosilyn Houston has recently earned an appearance on the publication’s top executives list, 300 Most Powerful Executives in Corporate America. Houston’s recognition underscores her contribution to positioning BBVA Compass as an inclusive, innovative and employee-centric organization.

• Good results: In 2017, the BBVA Group posted a net attributable profit of €3.52 billion (+1.3%). Excluding the accounting adjustment of Telefónica and the capital gains from extraordinary corporate operations, net profit in 2017 was €4.29 billion, up 23.3% from a year earlier. The main drivers behind this result were a positive performance of recurring revenue, cost containment efforts in operating expenses and an effective risk management strategy
• Group Executive Chairman: Total remuneration of BBVA Executive Chairman for 2017 was €5.8 million, up 18% from 2016. The Chairman’s variable compensation rose 12% compared to the previous year. The deferred variable remuneration is subject to multi-annual indicators, based on which remuneration can be reduced or taken to zero, never increased. It also includes a Malus clause that could limit or prevent its collection, and clawback clauses intended to reduce or reclaim already paid amounts
• CEO: Carlos Torres Vila’s total remuneration was €4.9 million in 2017. HIs variable compensation is also subject to the same deferral period and conditions as that of the Chairman

BBVA Francés is fully immersed in its transformation to digital banking. This year, the bank moved into a modern tower in Buenos Aires, where it is growing as a company, both culturally and in terms of teamwork. Customer experience is setting the pace of change towards a mobile future. For CEO Martín Zarich, the customer experience sets the pace towards a changeable future. In his opinion: "the moment is now, not in five years' time".

BBVA Compass Chief Talent & Culture Executive Rosilyn Houston made her second appearance in as many years Monday on American Banker’s Women to Watch list, part of the industry standard’s annual Most Powerful Women in Banking series.

Ricardo Gómez Barredo was there for the birth of BBVA (through the merger of BBV and Argentaria), a Group he has been associated with for more than two decades.Now he is in charge of functions that are so critical to a bank like liaising with supervisors, working out financial information and reporting.Professionally, he describes himself as very demanding of himself. He thinks that the best part of his professional experience has always been “the people I’ve been lucky enough to work with”.

The Aspen Institute named BBVA Compass Director of Corporate Responsibility & Reputation Reymundo Ocañas one of its 2017 First Mover Fellows this week, recognizing him as a leading “intrapreneur” who is working within his company to help solve some of the world’s most pressing social and environmental challenges.

BBVA Compass President and CEO Onur Genç has been on the job for just six months, but already, he sees a wealth of opportunity for BBVA in the U.S.

BBVA Compass South Florida Market President Roberto Muñoz was honored last week with Florida International University’s Distinguished Alumni Award at its 16th Annual Torch Awards Gala. The celebratory event recognized alumni and faculty who are positively impacting their profession, the Miami community and the university.

A small country surrounded by giants, Uruguay always knew it would have to work hard to claim its spot in the region. And it surely has: besides its traditional agricultural production and its booming and popular tourist industry, the country now strides ahead confidently into the 21st century, with a thriving software sector.

BBVA Compass Talent & Culture Executive Rosilyn Houston is among a group of corporate female heavyweights named by Black Enterprise as 2017’s “Most Powerful Women in Business”.

Onur Genç’s appointment as BBVA Compass CEO and country manager marks the beginning of a new chapter for the BBVA Group’s franchise in the U.S. Genç is ready to take on the challenge of leading the digitization push, at a time when the prospects of rising interest rates could have a profound impact on the future of the industry. BBVA CEO Carlos Torres Vila, in Houston visiting the team at BBVA Compass, joined Genç for this interview. BBVA’s CEO underscored the bank’s commitment to the U.S. market, a region that accounted for 11 percent of the Group’s net attributable profit in 2016.

• Changes: The new executive director compensation policy for the next three years envisages 1) an increase in the amounts to be deferred and the deferral period for the variable compensation. 60% of the variable compensation will be subject to a 5-year deferral period; 2) share-based remuneration increase: 60% of the deferred amount to be paid in BBVA shares, the remaining 40% in cash; and 3) variable compensation to be subject to reduction and clawback clauses
• Group Executive Chairman: Total remuneration of BBVA’s Group Executive Chairman for 2016 was €4.9 million, down 12% from 2015. The Chairman’s variable compensation dropped 18% with respect to 2015, mainly as a result of the impact on BBVA Group’s profit of the provision related to ‘floor clauses’ in Spain and exchange rate trends. The deferred variable remuneration is subject to the retribution policy in force in 2016, with multi-annual indicators based on which said remuneration can be reduced or even taken to zero, never increased, as well as malus clauses that could limit or even prevent its collection
• Chief Executive Officer: CEO Carlos Torres Vila’s remuneration was €4.4 million, and his variable remuneration is also subject to the same deferral period and conditions as that of the Chairman

The Board of Directors has approved a new Executive Director compensation policy for 2017, 2018 and 2019 to adapt to the new regulation related to compensation (Bank of Spain Circular 2/2016 and the European Banking Authority’s guidelines on sound adequate remuneration policies.) This new policy will be submitted for approval in the upcoming Annual General Meeting, on March 17.

BBVA Compass Chairman Manolo Sánchez, who immigrated to the U.S. from Spain, was honored last week in his adopted hometown with an Arrival Award from the University of Houston Law School’s Immigration Clinic.

BBVA appoints Gloria Couceiro as Head of Shareholder and Investor Relations, within the financial unit led by Jaime Sáenz de Tejada.

José Ángel Sánchez Asiaín, who stood out as a key figure in banking modernization, passed away on December 31 in Madrid at the age of 87.

BBVA Compass today named Garanti Bank’s Onur Genç as its next CEO and announced that Manolo Sánchez will become its non-executive chairman, strengthening the management structure of the BBVA Group’s U.S. franchise.

Reflecting on BBVA’s long and successful history in Paraguay, Agustín Antón highlights some of Paraguay’s most favorable characteristics, a "country that, grossly overlooked as it may be, is blessed with a number of strengths which translate into great opportunities”, as the basis to continue improving as a universal bank in all its aspects.

Thierry Barbier has been appointed new Head of BBVA France replacing Gregoire de Lestapis. BBVA's French branch is focused mainly on corporate lending and investment banking activity and has around hundred employees.

Now that the fourth consecutive presidential election in Peru (a milestone in the country's republican history) has finished, the message to the world is one of democracy and political and macroeconomic stability. From this foundation of respect for the rule of law, Peru becomes an obvious investment opportunity for national and international private sectors. In addition, it makes it possible to strengthen the role of institutions such as BBVA Continental – from its robust position in the financial system it helps Peru's sustainable development.