José Sevilla Álvarez (1964) is a Spanish executive. He is the current

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

Bankia Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near collapse of ...

, a position he has held since 2014.

Career

Sevilla holds a degree in Economics and Business Studies from the Colegio Universitario de Estudios Financieros (CUNEF), which is affiliated to the

Complutense University of Madrid The Complutense University of Madrid ( es, Universidad Complutense de Madrid; UCM, links=no, ''Universidad de Madrid'', ''Universidad Central de Madrid''; la, Universitas Complutensis Matritensis, links=no) is a public research university loca ...

. He began his career in the investment banking sector, and worked at

Merrill Lynch Merrill (officially Merrill Lynch, Pierce, Fenner & Smith Incorporated), previously branded Merrill Lynch, is an American investment management and wealth management division of Bank of America. Along with BofA Securities, the investment bank ...

and FG Inversiones Bursatiles. Sevilla worked at

BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ...

from 1997 to 2009, and was member of the Management Committee from 2003 to 2009. He joined Bankia as an executive director in May 2012. On 30 June 2014, he was appointed as CEO of Bankia.

Political and economic views

Savings banks

In an interview on Bankia's restructuring in August 2015, he stated: "The first thing we did when we came here was to change all the board members. Our challenge was to change the corporate governance, change the board with no link at all to politicians, to technocrats," he said. "For us, no politicians on the board was a must. We don’t want to have any political influence. We analysed the CVs of board candidates looking for political connections. If we found it, it was 'No’." Sevilla stated that market discipline was not something many savings banks knew or cared about. "It was not clear who were the owners of these entities. They were not listed, they did not have shares. The traditional owners of the cajas were the depositors. Their status was very unclear." He continued: "The boards of these entities didn’t feel any special responsibility, they were growing and didn’t perceive any difficulty and were not aware of the potential consequences of their actions, or their inaction."

References

1964 births Living people Spanish chief executives Spanish bankers Directors of Bankia {{Spain-business-bio-stub