Movements in the Aragonese banking benchmark. In view of the implementation of its new 2024-2016 strategic plan, which will be released in the coming months, the Board of Directors of Ibercaja Banco approved this Wednesday in Zaragoza a new management structure that includes the creation of new directorates general, with a clear commitment to in-house professionals.
The new organizational chart has 13 area directorates reporting directly to the CEO, Víctor Iglesias, architect of the proposal. Among them, nine are general directorates, three subdirectorates and one general subdirectorate. The bank’s management committee is completed by the Internal Audit area, which reports to the Audit and Compliance commission.
According to the note issued by the entity, the restructuring highlights the creation of the new Retail Business department, in charge of everything that is not related to business banking (individuals, personal and private banking, self-employed, businesses, micro-businesses and institutions, among others). Antonio Martínez, until now director of the Financial Area, is in charge, where he is replaced by Raquel Martínez.
With the new design, the Business Banking management is also provided with more resources to complete its functional autonomy. This branch, created in 2021 to centralize activity with SMEs and large companies, will continue to be led by Teresa Fernández.
Likewise, among the new developments announced today, the creation of the new Transformation and Data Strategy direction stands out, in charge of “developing the entity’s future competitive capabilities and promoting transformation and innovation in the bank.” Its management falls to Nacho Torre, until now director of Marketing and Digital Strategy.
Likewise, a new Payments and Consumer business direction is being shaped, which encompasses payment operations, their financing and consumer and leasing operations, in addition to new innovative and value-added functionalities such as Pensumo, an entity acquired by the bank.
The Asset Management and Insurance department, until now called the Financial Group, will include the subsidiary companies Ibercaja Gestión, Ibercaja Pensión, Ibercaja Vida and Ibercaja Mediación, in addition to private banking investment management.
Sergio Fernández, until now head of Credit Risk Monitoring, has been appointed as the new director of the Credit Risk Area. For his part, José Ignacio Oto, until now director of the Office Network, assumes responsibility for talent management, heading the People Department, replacing Rodrigo Galán, who is retiring.
With this new structure, the bank faces its new strategic plan (2024-20026) after completing the achievement of the main strategic objectives set in the previous plan (Challenge 2023) “in solvency, asset quality and profitability.”