BBVA has promoted Sandra Nolasco to global head of structured trade finance, based in Madrid.
In her new role she will be responsible for a range of trade finance products including ECA-backed transactions, borrowing base and pre-export financing.
Nolasco joined BBVA in 2009 as head of commodity trade finance.
She was previously at Fortis in Brazil.
The move forms part of the wider reorganisation of the bank’s trade finance business lines. Structured trade finance has been absorbed into a newly created global lending unit, headed up by Javier Rodriguez-Arias.
This new division covers products such as project finance, syndications, and structured finance.
GTR announced in January that former head of structured trade finance Nick Shaw has moved position to become global head of transactional trade finance. He remains based in Madrid.
In his new role Shaw is responsible for a range of trade finance products, including letters of credit, forfaiting, silent guarantees, and short-term import and export finance.