BBVA has hired Lorenzo Isla from Barclays Capital as head of credit derivatives structuring. Isla will be based in Madrid. He joined from Barclays Capital in London, where he was head of structured credit strategy.Isla will be responsible for credit derivatives structuring, reporting to Justo del Rufino, head of the global credit business. Isla will be responsible for developing BBVA's credit derivatives platform across asset classes, including CDOs, ABS leveraged loans options and exotics.
The hiring of Isla will consolidate BBVA's position in the Spanish and Latin American credit derivatives markets, and marks an increase in its presence in European capital markets.
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