Welcome to the Yale Club of Houston - Spanish Banking in US Markets: The BBVA Compass Story


Spanish Banking in US Markets: The BBVA Compass Story

Featuring Yale Alum and BBVA Compass CEO Manuel Sanchez
Friday, March 25, 2011, 11:30 am
The Coronado Club
In Collaboration with the Wharton Club of Houston


   

In February 2007, global banking giant BBVA significantly increased its US market presence through the purchase of Compass Bancshares.  Led by Yale alumnus Manuel Sánchez, BBVA Compass has grown to become the 15th largest U.S. commercial bank, ranking as the third largest bank in Alabama, fourth largest bank in Texas and fifth largest bank in Arizona and operating more than 720 branches throughout Texas, Alabama, Arizona, California, Florida, Colorado and New Mexico.

Manuel “Manolo” Sánchez joined BBVA in September 1990. In 1994, he was appointed director and senior vice president for BBVA Paris.   His BBVA career took him to the United States in 1999 after being named director and senior vice president of Global Corporate Banking at BBVA New York.  In 2002, Sánchez went to BBVA Bancomer in Mexico City to become chief risk officer. Sánchez returned to the U.S. in 2005 to lead Laredo National Bank – then newly acquired by BBVA – as president and CEO.  He assumed the helm of BBVA Compass in December 2008.  Retail, Corporate, Wealth Management, Human Resources, IT, Ops & Services, Risk, Legal, Communications, Economic Research and the office of the CFO all report directly to Sánchez. 

Globally, BBVA holds $755 billion in total assets, 48 million clients, 7,600 branches and approximately 104,000 employees in more than 30 countries. The BBVA Group maintains a leadership position in Spain, Mexico, Latin America and the Sunbelt Region of the United States as well as operations in China, France, Germany, Hong Kong, Italy, Japan, Singapore, Switzerland, and the United Kingdom.

Come join fellow alumni for an exclusive opportunity to learn about BBVA's US strategy, including lessons from the BBVA Compass experience, as well as about trends in US retail banking in challenging economic times.  Don't miss this chance to engage with an experienced leader and Yale alum over a delicious lunch at the Coronado Club.

 

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