Spain’s Banco Sabadell Names Cesar Gonzalez-Bueno as CEO (1)

Banco de Sabadell SA’s board appointed Cesar Gonzalez-Bueno chief executive officer as the Spanish lender considers its strategic options after short-lived talks on a combination with larger rival Banco Bilbao Vizcaya Argentaria SA.

Gonzalez-Bueno will replace Jaime Guardiola as soon as regulatory authorizations have been obtained, Sabadell said in a statement Thursday. Bloomberg News had reported on Wednesday that the Alicante-based bank was close to naming Gonzalez-Bueno as its next chief.

He is currently on the board of Sabadell’s U.K. arm, TSB Bank Plc. He helped ING Groep NV launch its operations in Spain more than two decades ...