One of Spain’s main distributors, BBVA, announced its succession plan for the group’s executive chairman post with CEO Carlos Torres Vila to replace Francisco González when he leaves the multinational Spanish banking group by the end of 2018.

‘The succession ensures the continuity of the transformation process which has placed BBVA at the forefront of the global financial industry,’ said BBVA in a statement. BBVA subsequently designated Onur Genç as the new CEO to replace Carlos Torres Vila once he assumes his new role as chairman. The bank’s structured products hold a market share of around 29% and an estimated sales volume of €853m YTD. Thirty-five structured products from five different providers wer

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