BBVA: Leaving party

As Carlos Torres Vila and Onur Genc take over, BBVA’s markets may still surprise more than its strategy.

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BBVA is going through a monumental shift as 2019 begins, with the departure of the man who has led the bank for almost 20 years, Francisco González Rodríguez. The former executive chair announced he would step down in late September to make way for Carlos Torres Vila, chief executive since 2015. Onur Genc, head of BBVA’s US operation, will become chief executive.

González has led the bank since the 1999 merger between Banco Bilbao Vizcaya and former state-owned bank Argentaria, of which he had been president from 1996.

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