Jordi Montalbo, from Catalonia, will be an independent director of BBVA.
The board will have to approve the appointment of this professional who has spent a large part of his career at Deloitte.
BarcelonaBBVA's board of directors will propose the appointment of Catalan Jordi Montalbo Todolí as an independent director to the next shareholders' meeting. With this move, the bank, chaired by Carlos Torres Vila, aims to underscore its commitment to Catalonia following the collapse of its takeover bid for Banc Sabadell last October. Montalbo, born in 1965, is an independent director of Med Vida (Mediterráneo Vida, SA de Seguros y Reaseguros) and spent much of his career at Deloitte, from 1990 to 2022. At the consulting firm, he specialized in sector auditing. He held prominent positions such as partner in charge of insurance in Spain, as well as partner in audit and insurance for financial services and co-lead audit leader for the insurance sector in Europe, the Middle East, and Africa. The prospective BBVA director holds a degree in economics and business administration from the University of Barcelona. He holds a high level of technical specialization as an insurance actuary from the same university. He has also completed several training and development programs both in Spain and abroad. His appointment is subject to verification by the European Central Bank (ECB) to confirm that he meets the regulatory requirements for suitability to serve as a board member.