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Changes at BBVA’s Management Committee: Juan Asúa will be head of CIB and Jaime Sáenz de Tejada will lead Spain & Portugal

José Barreiro is stepping down from his executive functions at BBVA for personal reasons although he will maintain links with the Group. Juan Asúa will take over as head of Corporate & Investment Banking. Jaime Sáenz de Tejada will fill Mr. Asúa’s previous position as head of Spain & Portugal and will join the management committee. The changes ensure continuity of the management model at the Spain & Portugal unit and at CIB.

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