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The BBVA appoints the Turkish Onur Genç as its next ceo

The board of directors of BBVA, in a meeting held this Wednesday, has agreed to approve the succession plan of the ceo of the entity designating Onur Genç (Trab

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The BBVA appoints the Turkish Onur Genç as its next ceo

The board of directors of BBVA, in a meeting held this Wednesday, has agreed to approve the succession plan of the ceo of the entity designating Onur Genç (Trabzon, Turkey in 1974), as the successor at the time that Carlos Torres Vila cessation of their position to spend to play the president and ceo of the bank.

The BBVA points out that the substitution of Carlos Torres Vila by Francisco González, "is scheduled for 31 December 2018. The succession ensures continuity in the process of transformation that has made BBVA at the forefront of the global financial industry," says the entity.

Onur Genç joined Garanti in 2012 as executive vice president responsible for retail banking, and in 2015 was appointed deputy to the ceo of the Turkish bank, also assuming the responsibility of wholesale banking. From January 2017, is the ceo of BBVA Compass, and responsible country, the BBVA in USA. The entity stresses that Genç "has made significant progress, not only in the results of the franchise, but also in the development of digital capabilities, client satisfaction and employee engagement".

With this appointment, Torres has torn up all the pools that were circulated by the entity and indicated that the chosen would be one of the four senior high-level executives who now work close to the ceo. Genç is not very well known in financial environments spaniards, since which he has developed his career outside of Spain, but it is recognized as an executive business in retail banking, primarily for his role in the Garanti, an entity of success in Turkey, according to some sources consulted.

however, also remember that Genç assumes a complex role and that has radically changed the terrain, as it will not be neither the Turkey nor the united States, where he has developed his career. Genç, who has a Milosbet Spanish very basic, you need to work now to familiarize yourself with the structure of the BBVA group, the relations with the European Central Bank, with the Bank of Spain and with the different classes of the Spanish authorities, which will be with you to develop your most important work. These sources point out that its arrival will mean major changes to the structure of the BBVA, both in Spain and outside, something sought after, no doubt, by Towers, but not without risk.

Before you get to this bank, Genç held various management positions with McKinsey. He joined the consultancy in Canada and became a partner in 2004. Finally, he became senior partner and was appointed manager of McKinsey in 2009, when he was 34 years old, pointing to the note of the bank. Genç began his career in 1997 as financial controller of American Airlines in Dallas.

The man to "drive transformation"

“The very positive impact that Onur has had on our operations in the united States and Turkey will be extended to the rest of the Group,” said Carlos Torres Vila, in a note to the bank. “The council has chosen to Onur because he is the ceo ideal to further advance our strategy and drive the transformation in all our franchises, creating value for all our stakeholders: shareholders, employees, customers and the society as a whole”.

“I Want to thank the council for the confidence it has placed in me to face this great challenge,” commented Onur Genç. “I deeply believe in our purpose and our values. I am very happy to be a part of the project of transformation of BBVA”.

This transformation is inspired by the purpose of BBVA, that aims to be "an enabler of the digital era to offer its customers the best banking solutions to help them make the best financial decisions and have a positive impact on their lives." pointing to the BBVA.

The group recalls that the digital sales account for 40% of the total units sold of the group, compared with only 15.3% two years ago, and the digital consumers amounted already to 26 million.

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