Ángel Estrada, general director of Financial Stability, Regulation and Resolution of the Bank of Spainhas resigned from his position for personal reasons. Information advanced by the newspaper ‘El Mundo’ and confirmed by this newspaper. He will remain in his position until a replacement is found.
The reasons for his departure are personal reasons, according to sources from the Bank of Spain. Specifically, according to financial sources, it is due to health reasons that prevent him from continuing in a position of these characteristics. A few days ago it had presented what will be its last financial stability report.
Estrada, 58 years old, has a degree in Economics and Business Administration from the Complutense University of Madrid and has a Master’s Degree in Economics and Finance from Cemfi. He has developed a large part of his career at the Bank of Spain, although he has also been an advisor to José Luis Rodríguez Zapatero and has been in the Ministry of Economy and Finance.
He rose to his current position in 2020, led by Pablo Hernandez de Costhe former governor. He is a highly respected person within the Bank of Spain and also appreciated in the financial sector; In addition, the sources consulted also highlight his didactic work on financial stability behind closed doors of the supervisory institution.
Estrada’s resignation is the second that has occurred in the senior management of the Bank of Spain, although in this case it has nothing to do with the arrival of the new governor José Luis Escrivtoindicate the sources consulted. The first of these departures was that of the general director of Services and Personnel, Alejandro Álvarez, who left his position after considering that he was not adequate in the face of the new organizational chart that the governor had established.
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