Sareb, Spain´s bad bank chaired by Belen Romana, hired Luis Martin Guirado for the office of the Legal Transactions Executive. The real estate expert, who prior to joining Sareb have been leading BNP Paribas Real Estate since 2007, will substitute Juan Barba who had announced an intention of stepping down earlier this year.
Mr Barba has been the most important director since the very creation of the bad bank. Although he is going to temporalily support his successor, he has received a six-month ban on cooperating with any entity that does business with Sareb.
Luis Martin Guirado started his high-level exective career in 1996 as the vice-president of Citibank, then he was given leadership over Private Banking at Credit Suisse. Later on, he spent four years performing the function of CEO for Asesoramiento Inmobiliario of Roan. Just before accepting Sareb´s offer he worked as the CEO of BNP Paribas Real Estate.
Original article: ExpansiónPro (by J. Z., 31 de Julio 2014, pp 14), El Mundo
Translation: AURA REE