BBVA names new president

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Spain’s BBVA has replaced its president Ángel Cano with Carlos Torres Vila (pictured), in a significant shake-up at management levels.

Torres Vila has been head of Digital Banking at BBVA since March 2014 and his appointment is in line with the group’s intention to “start a new era where the bank’s digitalisation will be the priority,” BBVA said.

The aim was stressed by the bank’s decision to not name a replacement for Torres Vila and to close its digital banking unit.

Torres Vila has been director of BBVA’s corporate strategy from 2008 to 2009. He then served as director of strategy and corporate development until his appointment as head digital banking in March of last year.

Before joining BBVA, he was chief financial officer of Spanish energy company Endesa SA. He was also a partner at McKinsey & Co. from 1990 to 2002.



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