A lot has been mentioned in the monetary circles of the agreement between BBVA and Oddo BHF, which stunned locals and strangers. In the first place, as a result of it led to the closure of the Spanish financial institution’s institutional fairness dealer, the largest of the Spanish banks. And in addition as a result of this week it turned identified that the Franco-German funding financial institution has opened the new evaluation workplace that replaces it inside the Ciudad BBVA itself. The doubts that endured are who makes up this crew and, extra particularly, what number of of them come from a switch from the blue financial institution.
As Invertia has been capable of affirm with official sources from Oddo BHF, there are seven members of its new Iberian firm evaluation crew. From them, 4 have been re-caught from BBVA.
The particular person in cost is Nicolas David, the solely analyst (or business supervisor) that Oddo BHF has contributed to this alliance. He has been working for the sell-side of Oddo & Cie for seven years, overlaying massive and medium-sized European corporations in the info know-how and software program sector.
The 4 analysts who’ve modified entities are Isabel Carballo, Luis de Toledo, Antonio Rodríguez Vicens and Ana Arjona Martínez, the latter with a extra junior profile.
Carballo (shopper, pharmaceutical, small listed corporations) had been at BBVA for nearly 11 years till he joined Oddo BHF, for the almost 15 years that De Toledo (oil and uncooked supplies) had labored at the Spanish financial institution.
Two signings out
For his half, Rodríguez Vicens covers the development, infrastructure, industrial, actual property and lodge sectors, whereas Arjona carries out the sale of fairness derivatives, though he additionally has expertise in development and infrastructure evaluation.
A 3rd leg of the new Oddo BHF evaluation crew for Spain and Portugal are its two commercials: Michael Vermehren, liable for Gross sales and booked from Commerzbank, and Oriol Torralba, included by Bankinter additionally with a extra junior profile. All of them will coexist with the BBVA employees, though they’ll rely upon Oddo BHF.
A European workplaces of Oddo BHF.
These seven professionals, particularly the prime 5, face the job of guaranteeing the identical service supplied by the BBVA dealer however with far fewer palms. Maintain in thoughts that its closure has affected about 50 folks between voluntary departures to different entities, inside relocations and dismissals.
The Spanish financial institution stopped offering the actions of receiving, transmitting and executing inventory market orders in the secondary marketplace for company shoppers on December 31, the final day of its dealer. Nonetheless, it does keep the issuance and placement of shares in the major market.
On the opposite, the fairness platform that Oddo BHF has shaped is nurtured by related alliances with entities akin to Natixis, ABN Amro or Commerzbank. The consolidation of this agreement with BBVA brings to 600 the variety of values built-in into the fairness platform of the group and its companions, with the goal of overlaying 700 shares by the finish of the yr. Now the blue financial institution will likely be your shopper and your landlord.