BBVA Compass announced today that Gabriel Sanchez Iniesta has been named its new chief information officer following Sergio Fidalgo's appointment as Spain-based head of Applications & Architecture for BBVA Group.
Until now, Sanchez Iniesta served as BBVA Group's Multichannel Technologies director. A native of Madrid, he was responsible for developing the multichannel architecture BBVA developed in many countries across its global footprint and the core banking platform it currently uses in Spain. He came to BBVA Group in 1997 following several years with Accenture.
Fidalgo, who was in charge of BBVA Compass' Technology and Support Services unit for five years, successfully led a major transformation of the bank's legacy technology into a core banking platform that enables real-time transactions. American Banker called it an "epic" project and "one of the largest bank core overhauls in the U.S.," while one analyst told the Houston Business Journal it had the makings of a "game changer" for the banking industry.
Sanchez Iniesta inherits that ground-breaking platform and is well-positioned to lead the next phase of the bank's technology growth, which will focus on multichannel banking, said BBVA Compass President and CEO Manolo Sanchez.
"We are getting another talented executive from BBVA to lead our Technology and Support Services organization," Sanchez said.