Fernando Casado, new President of CatalunyaCaixa

The Catalan savings bank is the first financial institution in Spain to fully complete its merger project. Fernando Casado will succed Narcís Serra. The vice-presidents of the savings bank were also nominated.

CNA / E. Escolà

November 18, 2010 12:04 AM

Barcelona (ACN).- Fernando Casado is the new President of CatalunyaCaixa, the savings bank born after the merger between Caixa Catalunya, Caixa Manresa and Caixa Tarragona. The new president will succeed Narcís Serra, who was the former Spanish Vice-President and Minister for Defence with Felipe González. Adolf Todó will continue being the Executive Director of the savings bank. CatalunyaCaixa’s board is formed by 21 representatives and will be chaired by Fernando Casado. The board chose Manel Rosell as the first Vice-President, Joan Albert Abelló as the 2nd Vice-President and Antonio Visa as the President of the Control Commission. With the completion of the merger, CatalunyaCaixa became the first financial institution to fully complete its restructuring process in Spain during the current crisis.

Fernando Casado reached CatalunyaCaixa’s presidency after an agreement between the Barcelona Provincial Council, controlled by the Catalan Socialist Party (PSC), and the Tarragona Provincial Council, controlled by the Centre-Right Catalan Nationalist Coalition (CiU). Both Councils founded two of the merged entities that formed CatalunyaCaixa and still have some level of influence in the board. Fernando Casado is a consensus candidate with business and academic prestige. He was the Director of the Family Company Institute and a professor at the University of Barcelona.