EXTERNAL INDEPENDENT DIRECTOR
José María Abad Hernández
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Born May 28, 1982.

Degree in Law Universidad Pontificia de Comillas (ICADE). Degree in Business Administration and Management, specializing in Finance, from the Universidad Pontificia de Comillas (ICADE). Specialist in Quantitative Research Methodology (Statistical Techniques) from the Universidad Politécnica de Madrid. Advanced Studies Program in International Economics from the Kiel Institute for the World Economy (Germany).

He currently is:

  • Visiting Scholar at the Financial and Capital Markets Department of the International Monetary Fund (IMF) (Washington, DC) (since 2021).
  • Visiting Professor at ESADE Business & Law School (Barcelona) (since 2018), where he teaches the subjects 'Valuation of companies' and 'Analysis and Valuation of Financial Institutions' of the Master in Finance.
  • Visiting Professor at ICADE (Madrid) (since 2021), where he teaches the subject 'International Macroeconomics' of the Double Degree in Business Administration and Law (E-3).


He has been (among other positions):

  • Financial Sector Expert in the Financial and Capital Markets Department of the International Monetary Fund (IMF) (Washington, DC) (2020-21).
  • Executive Director of the European Financial Institutions Group of the Research Division and senior banking analyst responsible for coverage of Southern European listed banks (Spain, Portugal, Greece) at Goldman Sachs (London) (2015-2020).
  • Vice President and Senior Analyst of the Sovereign and Supranational Risk Group, as well as member of the Sovereign Ratings Committee of Moody's Investors Service (London) (2015).
  • Member of the Board of Directors of AXIS Participaciones Empresariales S.G.E.I.C., S.A.S.M.E. (Grupo ICO) (2012-2015).
  • Chief Economist, and head - with the rank of Deputy Director - of the Research Department and the International Relations Area of the Instituto de Crédito Oficial (ICO) under the Ministry of Economy and Competitiveness (Madrid) (2012-2015). As such:
    • Responsible for shaping ICO's macro vision, defending the "Spanish position" on key economic policy issues with other European development, national and multilateral banks, as well as managing the President's international agenda.
    • Member of the ICO's Procurement, Strategy and International Relations and Fond-ICO Global Monitoring Committees.
    • Co-secretary of the High-Level Expert Group for SME Financing of the Ministry of Economy and Competitiveness (2013).
    • ICO representative in the Financial Institutions Shareholder Group (FISG) of the European Investment Fund (EIF) in Luxembourg.
    • ICO representative on the Board of Directors of the European Association of Long-Term Investors (ELTI) in Brussels.
    • ICO Sherpa in the Long Term Investors Club (LTIC) and in the "Big Six Group", consisting of the Chairmen and/or CEOs of the six major European development banks (Germany, France, Italy, Spain and Poland, as well as the EU through the EIB Group).
    • Co-responsible for the launch and monitoring of the "Cátedra Fundación ICO de Financiación a PYME", led by the University of Alcalá de Henares, which won the "Titanes de las Finanzas" award (granted by the ECOFIN Forum) in 2015.
  • Advisor (for Spain and Portugal) to the Chief Global Economist at Unicredit Group (London) (2011-2012).
  • Consultant (for Spain and Portugal) of the European Economic Analysis team of Goldman Sachs (Frankfurt) (2010-2011).
  • Senior Associate in the Sovereign and Supranational Risk Group, member of the Sovereign Ratings Committee and the Economic Analysis Committee of Moody's Investors Service (Frankfurt) (2009-2010).
  • Associate in the Strategy and Operations Group of KPMG (Madrid) (2006).


As far as academic career is concerned, he stands out:

  • Research and teaching assistant at the Institute for Economic Policy at the University of Leipzig (Germany) (2011-2012).
  • Research and teaching assistant at the International Centre for Financial Research (ICFR) at the IESE Business School (Madrid) (2007-2008).
  • Research and teaching assistant at the Department of Economics at ICADE - Universidad Pontificia Comillas (Madrid) (2005-2006).


Other information of interest:

  • Author of numerous monographs, articles and research projects on various topics related to financial and capital markets and economic policy.
Name José María Abad Hernández

First appointment

06/29/2021

Last appointment

06/29/2021

Election procedure

General Shareholder´s Meeting

Position on the Board

Member

Type of Director

External independent

Audit Committee/post

Yes, Member

Appointments and Remuneration Committee/post

No

Sustainability Committee/post

No

Presence in Boards of other Spanish listed companies

-