BBVA announced the creation of the Information Security & Engineering Risk (IS&ER) unit, a new unit within the Engineering area, to coordinate the group's information security, cybersecurity and engineering risk efforts. Álvaro Garrido has been appointed head of IS&ER, reporting directly to BBVA's Global Head of Engineering, Ricardo Moreno.

The IS&ER unit will centralize and manage a variety of functions, including cybersecurity, fraud detection and business continuity. Álvaro Garrido brings to the position his extensive experience as head of technology in the financial sector. Before joining BBVAhe served as Group Chief Information Officer at Scandinavian banking group Nordea and Group Chief Information Officer at UK's Standard Chartered Bank. Garrido holds a Master's in Telecomm Engineering from the School of Telecommunications Engineering of the Universidad Politécnica de Madrid and has completed an International Management Program at MIT's Sloan School of Management.

Also, in order to strengthen the Group's control model, Engineering has created within its Engineering Strategy & Control unit, headed by Pablo Martín Almaraz, a new unit called Engineering Internal Control (EIC) that will integrate the tasks of engineering risk control specialists.

BBVA - Banco Bilbao Vizcaya Argentaria SA published this content on 15 January 2018 and is solely responsible for the information contained herein.
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