These principles were also defended by the outgoing president, with whom his replacement has been working for the last four years and who has valued Buenaventura’s orderliness and his knowledge of the markets, especially the bond market.
Albella had suggested that convenience to Vice President Calviño in order to give value to internal resources and continue with the transparency work that has been printed in recent years, especially in the markets, in which Buenaventura has been a participant.
A 51-year-old from Madrid, with a degree in Economics and Business Studies from the Autonomous University of Madrid, he had held his current position since March 2017.
Before, between 2011 and 2017, he had performed the same function at ESMA (the authority of the European securities commissions for its acronym European Securities and Markets Authority). Previously, he was director of secondary markets and director of international relations at the CNMV, which he joined in 2005.
Buenaventura worked in the Analistas Financieros Internacionales (AFI) group, of which he was CEO of Consultores de Administraciones Públicas, where he was also an analyst and manager of the Spanish financial market service since 1995.
He has been a professor in several master’s programs in finance and has provided training in various institutions since 1993, in matters of fixed income, monetary policy, public debt, securities market and financial regulation. He is co-author of four monographs on the Spanish financial system and more than 30 articles in specialized magazines.
An experienced tandem
The institution is also known by the new vice president, Montserrat Martínez Parera (Barcelona, 1975), who was chief of staff of vice president Carlos Arenillas in the period of Manuel Conthe and Julio Segura as presidents.
Later, she became head of his cabinet and stayed with him until the end of the mandate. This experience makes it possible to form a very oiled tandem to continue modernizing the institution.
They know perfectly the pipes in the house and also have a very good relationship. Consulted sources have highlighted, precisely, the good sense that Calviño has had with these two appointments.
He was trained at the Center for Monetary and Financial Studies (Cemfi), a foundation created by the Bank of Spain in 1987 through which young talents such as Maurici Lucena, Jonás Fernández or Alberto Abadie, among many others, have passed.
He began his professional career in the BBVA Studies Service, where he coincided with Miguel Sebastián and the current Minister of Social Security, José Luis Escrivá as head of the department. From there he went to the CNMV and, when that first experience ended, he returned to the financial institution, with which he moved to New York.
For a short time, because it was claimed by Fernando Restoy, who had met her in his time as vice president of the CNMV, to occupy the position of chief of staff of the deputy governor when he was appointed to this position. After the months Javier Alonso was deputy governor, he joined CaixaBank as advisor to the president, Jordi Gual, on issues related to regulation and markets.