BBVA Reorganization Means New Head For Bancomer

BBVA Bancomer, the Mexican unit of Spanish banking giant BBVA, is to have a new chief executive after BBVA appointed current CEO Jaime Guardiola as head of a newly formed division: BBVA Spain and Portugal. His replacement at Bancomer will be Ignacio Deschamps, currently in charge of Bancomer’s commercial banking business. The reorganization of the Group also sees a new global division to be headed up by José Barreiro.