Michael Montes will remain linked to Banco Sabadell even after stepping back from his executive duties. He is the guiding force behind the CAM integration project and is poised to become the new president of the Sogeviso subsidiary, which was created to manage social rent programs for customers facing mortgage difficulties. This move reflects Sabadell’s ongoing effort to address eviction pressures that intensified after the housing market crisis and have continued to echo through the years. [Source: internal corporate communications]
The institution gains back one of its most valuable managers, who has supervised organizational developments for decades and steered rapid absorption of assets. From Banco Atlántico to the acquisition of British TSB, and through key steps involving Urquijo, Guipuzcoano, and Banco Gallego, Sabadell emerged as the fourth largest financial institution in the country. This ascent owes much to the system Montes helped put in place, which also supported millions of customer data migrations and safeguarded asset absorption from delaying processes. [Source: corporate history overview]
Montes previously served as the chief of the organization before announcing his retirement last September, following the succession plan that saw Jaume Guardiola and the financial director Thomas Varela assume leadership roles. The change, rooted in the Bank of Valles origin, now sees its headquarters anchored in Alicante, marking an end-to-start cycle in Sabadell’s leadership narrative. [Source: executive announcements]
The leadership transition at Sogeviso notes that Miquel Montes will head the subsidiary as chairman, while Xavier Aspaches steps into the vice-presidency. The official gazette of the Trade Registry confirmed the arrangement, a move approved by the parent bank. Sogeviso has long offered social and affordable housing options nationwide, extending support to thousands of families and broader social accompaniment programs that have helped many secure jobs through placement initiatives. [Source: official notices]
Since its inception, Sogeviso has provided social housing and assistance to more than 23,300 families nationwide. Additional services include social accompaniment programs that have benefited up to 8,500 families and helped around 2,400 individuals enter the workforce through job placement efforts. The impact underscores Sabadell’s commitment to social housing and mortgage relief as a core part of its community strategy. [Source: program reports]
Sabadell auctions a former CAM appraiser’s building
The company currently maintains 2,349 active lease agreements with an average monthly social income of about 240 euros, keeping payment plans on track for most beneficiaries. The default rate stands at 13.3 percent, a figure reported by Sabadell, reflecting ongoing challenges within the housing sector but also the resilience of the social housing program. [Source: financial disclosures]
Beyond housing leases, Sogeviso contributed 440 homes to a Social Housing Fund and coordinates with 263 municipalities and 211 platforms addressing mortgage-related concerns across Spain. The social rent framework covers payments due, tenant disputes, or Social Housing Fund requests, and it also addresses cases of illegal occupation when families face social exclusion. [Source: program disclosures]
Miquel Montes is described as the director of the venture capital arm and serves as the chairman of Harvest Capital Management, a role that connects Sabadell’s broader investment activity with the subsidiary’s social mission. The leadership team includes notable industry figures such as Jaume Oliu, the son of Sabadell’s president Josep Oliu, and Franc Gomez-Landero of Itaca Capital Partners, illustrating Sabadell’s network of strategic partners. [Source: governance announcements]