Banco Sabadell will introduce a revised organisational set-up to streamline operations, advance its transformation programme and reinforce its relationship banking approach.
The new structure takes effect on 1 September.
The lender said the membership of its management committee will stay the same, leaving its governance arrangements unchanged during the reorganisation.
A central element of the overhaul is a new corporate transformation & artificial intelligence unit within the strategy division overseen by Marc Prat.
Robert Duran will lead the new team, which is intended to support the wider use of AI across the bank.
The operations & technology division under Elena Carrera will also gain additional AI-related capabilities.
In the Spain Business area run by Carlos Ventura, the bank is setting up a business transformation unit.
It is focused on product development for high-value customers, digitalisation and customer-facing projects.
Jorge RodrÃguez Maroto, currently head of retail banking, will lead that area.
His responsibilities will also extend to small businesses and the self-employed, adding to his existing remit across financing, payment methods, consumer lending, insurance, asset management and Sabadell Consumer Finance.
Ventura’s area will also include a newly formed commercial banking unit led by Albert Figueras.
Alongside his current work coordinating regional management teams, he will also take charge of remote sales and remote customer service.
A new personal banking unit will be headed by Xavi Blanquet and will report to Ventura.
Separately, the bank recently announced the forthcoming appointment of Adela MartÃn to lead its private banking business.
Following the changes, Sabadell’s operations in Spain will be divided into five areas: retail banking & business transformation, corporate banking, private banking, personal banking, and commercial banking.
The marketing division will also report to Ventura.
Further adjustments affect the finance division, where Sergio Palavecino will take on responsibility for cost management.
The people & sustainability division under Sonia Quibus will add procurement, while the communications division led by Virginia Zafra will assume full control of internal communications.
The bank also said it will centralise a range of functions now spread across different business areas.
These include people, legal, financial planning, organisation, technology and operations, in an effort to make decision-making more agile.
Sabadell CEO Marc Armengol said: “This new structure will enable us to concentrate more resources and capabilities in the areas that are key to our strategy, accelerate the bank’s transformation and fully harness the potential of artificial intelligence to improve our processes. We want a simpler, more agile and more collaborative organisation, equipped to deliver the best service to our customers and successfully meet the challenges of the years ahead.”
“Sabadell to expand AI focus, centralise key functions in restructure” was originally created and published by Retail Banker International, a GlobalData owned brand.
