Miquel Montes, the director who oversaw the integration of CAM into Sabadell, retires

at the moment Organization and Resources Directorand maximum Head of Retail Banking Sabadell’s functions that will now be distributed among administrators Jorge Rodriguez (individuals) and the current compliance director, Sonia QuibusGonzález-Bueno will take over the remaining areas, as explained at the annual meeting of the organization’s Advisory Councils. An event with the ECB Vice President as a guest speaker, Luis de Guindos.

After spending the first part of his career in organizations such as Catalan Bank, Atlantic Bank, Bancotrans and most importantly, Deutsche Bank Spain Miquel Montes, who held various positions of responsibility, moved to Sabadell in 2001 as director of operations, electronics business and technology.

Montes is on one of his first visits to Alicante after CAM’s acquisition by Sabadell. gentle column

The key role he played in his long professional career of more than 40 years, integration process played by Sabadell, which led to his sequential assimilation Banco Atlántico, Banco Urquijo, Banco Guipuzcoano, Banco CAM, Banco Gallego or British TSB.

The key to the success of all these operations lies in the system that Montes promotes and facilitates operations. moving millions of data Sending sucked assets clients to Sabadell servers prevents the process from being delayed.

However, the treatment friendly and closeMontes’ personality also facilitated the deal with the middle management and other staff from the Alicante savings bank, which facilitated the operation as well as the deal with the Alicante business community.

After the integration was completed, where the CAM business was framed in what was then called the Regional Este del Sabadell under the direction of Jaime Matas, the manager continued. President of the real estate company of the Solvia groupand also served from 2015 to 2019. Non-executive director of TSB integrationone of the operations that gave him the most headaches due to malfunctions in the computer process.

With rearrangement of the dome made by the new CEO, César González-Well, He became responsible for the individuals area, one of the three large divisions into which the entire Sabadell business is divided.

bank tax

On the other hand, González-Bueno demanded the abolition of the banking tax at the meeting of the Advisory Councils, where Montes announced his withdrawal. it’s temporary and “doesn’t spoil the competition”European Press reports.

“Unexpected, nobody likes to pay more taxes. And if it does, finally, what we want is for it to be temporary and not disrupt the competition,” González-Bueno said in his speech.

In addition, he reminded that the institution paid around 800 million euros in taxes last year against the net profit of 530 million euros owned by the banks. higher tax burden those of other companies in addition to other surcharges.

“It cannot be said that Banco Sabadell did not pay well,” he stressed. So González-Bueno joins other executives in the industry, such as BBVA president Carlos Torres, who warned last week that this tax could have a “reverse effect” as it will slow the Spanish economy because of the industry’s vital role.

On the other hand, the CEO of the business, “radical” return of the bank in just a year and a halfstarting with a “great franchise”.

“ transformation is in full swing. Financial results have improved quarterly over the past six years, giving analysts and investors tremendous confidence. “We expect more tailwinds than headwinds from now on, and in short, a lot of forward confidence from Banco Sabadell.”

González-Bueno acknowledged that many uncertainties were added to this tax on banks in the coming months, such as the rise in interest rates, the economic context and the energy crisis.

However, the bank believes that favorable moves from interest rate hikes will have a very high impact, while inflationary moves such as bad loans and cost increases will be more controllable and move within a “reasonable” range. .