BBVA Compass names José Luis Elechiguerra as Head of Business Development

HOUSTON, Feb. 25, 2019 /PRNewswire/ -- BBVA Compass today named José Luis Elechiguerra as its Head of Business Development, where he will oversee the BBVA Group's U.S. efforts around the ongoing digital transformation of its products and services.

A member of the bank's management committee, Elechiguerra will have overall responsibility for the bank's efforts and initiatives related to multichannel development, consumer finance, customer intelligence, customer experience, marketing and digital engagement. Elechiguerra was previously the Global Head of Data Governance for the BBVA Group, based in Madrid, which BBVA Compass President and CEO Javier Rodríguez Soler called an important consideration in his appointment.

"José Luis' previous role is a key reason he was named Head of Business Development for BBVA Compass," said Rodríguez Soler. "Data - the understanding and use of it for customer benefit - is playing an increasingly important role in our digital transformation locally and globally. As the creator of the bank's global data governance strategy, he has keen insight into how BBVA Compass can better leverage data to benefit the bank and its customers."

Elechiguerra has been with BBVA for more than a decade, with roles of increasing strategic responsibility. In addition to his role as Global Head of Data Governance, Elechiguerra was also BBVA's Global Head of Organization and Business Process Engineering, where he managed the global functions of Organization and Business Process Engineering in more than 30 countries. He has also worked across multiple business lines in the organization, as Business Transformation Senior Director, Retail Financial Senior Director and Mortgage Strategic Planning and Business Development Director.

Prior to his tenure with BBVA, Elechiguerra was a Partner at McKinsey & Co. and a R&D Manager at Procter & Gamble Co. in Mexico City, Mexico.

Elechiguerra graduated with highest honors from Universidad Nacional Autónoma de México with a bachelor of science in Chemical Engineering. He received his MSE and PhD in Chemical Engineering from The University of Texas at Austin. He was also a Fulbright Scholar.

Previous Head of Business Development Pepe Olalla is now Head of Strategy and Global Businesses for BBVA Compass, where he works alongside Rodríguez Soler to define the U.S. strategy. He is also the BBVA Compass lead for key businesses, including BBVA Transfer Services and Simple, and oversees the bank's Single Development Agenda and Data team. He will also have oversight on certain global projects. Olalla continues to be a member of the bank's management committee.

To learn more about BBVA Compass, visit: www.bbvacompass.com.

For more news visit: www.bbva.com and newsroom.bbvacompass.com.

About BBVA Group
BBVA (NYSE: BBVA) is a customer-centric global financial services group founded in 1857. The Group has a strong leadership position in the Spanish market, is the largest financial institution in Mexico, it has leading franchises in South America and the Sunbelt Region of the United States; and it is also the leading shareholder in Garanti, Turkey's biggest bank for market capitalization. Its diversified business is focused on high-growth markets and it relies on technology as a key sustainable competitive advantage. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies the best practices. More information about BBVA Group can be found at bbva.com.

About BBVA Compass
BBVA Compass is a Sunbelt-based financial institution that operates 644 branches, including 331 in Texas, 89 in Alabama, 63 in Arizona, 61 in California, 45 in Florida, 37 in Colorado and 18 in New Mexico. BBVA Compass ranks among the top 25 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (6th). BBVA Compass has been recognized as one of the leading small business lenders by the Small Business Administration (SBA) and ranked 6th nationally in the total number of SBA loans originated in fiscal year 2017. Additional information about BBVA Compass can be found under the Investor Relations tab at bbvacompass.com. For more BBVA Compass news, follow @BBVACompassNews on Twitter, visit newsroom.bbvacompass.com, or visit bbva.com.

SOURCE BBVA Compass

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