On 22 September, the Spanish Official State Gazette (BOE) announced the renewal of Mariano Bacigalupo’s term as a CNMV Board Member, as well as Ángel Estrada’s appointment as a new Board Member.
Mariano Bacigalupo will serve as a Board Member for two more years, completing a six-year term. He is a Doctor of Law with Extraordinary Mention and a Tenured Associate Professor of Administrative Law at the Spanish Distance Teaching University (UNED). Before joining the CNMV, he was a Board Member of the Spanish National Commission on Markets and Competition (CNMC). He previously served as Chairman of the European Regulators Group for Postal Services (ERGP), Member of the Board of Appeal and the Board Regulators of the EU Agency for the Cooperation of Energy Regulators, Secretary of the Board of the National Energy Commission (CNE), Chief Counsel of the General Council of the Judiciary (CGPJ) and General Secretary of the Menéndez Pelayo International University (UIMP), among other roles.
Ángel Estrada, the new Board Member, was born in Ponferrada in 1965. He has a Degree in Economics from the Complutense University of Madrid and holds a Master’s Degree in Economics and Finance from the Centro de Estudios Monetarios y Financieros. Until now, he had been serving as the Governor’s Adviser at the Banco de España, where he has spent much of his career in a variety of roles, including Director General of Financial Stability, Regulation and Resolution for over four years, Director of the Department of Financial Stability and Macroprudential Policy and Executive Coordinator of International Affairs. From 2009 to 2012, he was the Director General of Macroeconomic Analysis and International Economy at the Ministry of Economy and Finance.