Escrivá keeps the majority of the Bank of Spain’s executives and puts Mayte Ledo in charge of Strategy and Data

September 24 () –

The new governor of the Bank of Spain, José Luis Escrivá, has decided to keep the bulk of the institution’s general directors and has promoted a new General Directorate of ‘Strategy, People and Data’, which will be headed by Mayte Ledo, who until today held the position of Secretary of State for Digitalisation and Artificial Intelligence.

The new organizational chart of the Bank of Spain approved this Tuesday by the Governing Council of the organization includes as its new general director María Teresa Ledo, who was director of Escrivá’s Cabinet in the Government and also Secretary of State for Digitalization and Artificial Intelligence.

This Directorate will have an Assistant Director, headed by Juan Peñalosa, and a Data Office, which will report directly to Mayte Ledo.

The general management was created with the mission of coordinating the planning of activities and the design of transversal projects, in addition to the collection, processing and exploitation of data, centrally promoting innovation in both structure and technology.

The integration of the three information departments of the Bank of Spain – the Financial Information Department, the Statistics Department and the Information Systems Department – into this general directorate will allow for greater and more efficient integration of data, unify the information requirements of the Bank and its reception channels, and better meet the growing demand for granular information and the greater possibilities of extracting and managing information using Big Data techniques.

The ‘General Directorate of Services’, headed by Alejandro Álvarez, is being eliminated. Sources at the Bank have clarified that Álvarez has resigned from his post, although the reason has not been disclosed.

Francisco Javier Priego will continue to head the General Secretariat and the Deputy General Directorate of Services and Intervention will be created, together with it, which will be headed by Jaime Herrero, who was previously deputy general secretary.

In the General Directorate of Institutional, European Relations and Transparency, Escrivá has decided to keep the general director Paloma Marín and has incorporated Inés Calderón as deputy general director.

Ángel Estrada will remain in the General Directorate of Financial Stability, Regulation and Resolution, and Juan Ayuso will continue to be in charge of the General Directorate of Operations, Markets and Payment Systems. Within this, there will be a Deputy General Directorate of Payments and Market Infrastructures, under the leadership of Carlos A. Conesa.

Alberto Ríos will continue to lead the General Directorate of Financial Conduct and Banknotes, with Helena Tejero as deputy general director. Ángel Gavilán will also continue as general director of Economics and Carlos Thomas will continue to lead the Deputy General Directorate of Economics and Research.

Finally, Mercedes Olano will continue to head the Directorate General of Supervision and will represent the Bank of Spain before the Single Supervisory Mechanism (SSM). Within this Directorate General, Francisco Manzón will occupy the position of Deputy Director General of Supervision I and Agustín Pérez the Deputy Director General of Supervision II.

LUCÍA RODRÍGUEZ WILL LEAD THE WORKING GROUP FOR THE AUTONOMY LAW

In addition, the Governing Council has agreed to create a working group to prepare an analysis of the revision of the Law on the Autonomy of the Bank of Spain, which will be led by Executive Director Lucía Rodríguez, since Francisco Fernández has finally declined to lead this group, despite the fact that this was originally planned.

The Independent Evaluation Office will now be under the authority of the Governing Council and not the Governor, and Councillor Luis Servent will be the liaison between the office and the Governing Council.

The creation of a new ‘Environmental, Social and Governance Office’ is also planned, with the aim of promoting areas related to the impact of climate change, the development of sustainable finance, social factors such as equality and diversity, and governance.