After almost six months since Alberto Conde’s departure to Panama, BBVA has appointed Nick Shaw as its new global head of trade finance.

Shaw is to take over Conde’s role in Madrid, reporting to Francisco Esteve, head of investment banking. He is moving from his previous role as head of trade finance for North Asia, based in Hong Kong. He also has experience of working in Europe and Latin America for BBVA.

His new role in Madrid will involve managing BBVA’s reorganised trade finance operations. The unit has been newly integrated into four geographical areas, all reporting directly to Shaw.

The Europe division will be led by Jose Ramon Nieto, covering activities in the Madrid, Milan, Paris and London offices. The Mexico unit is headed up by Dorotea Ortiz. The Americas division is being run by Erich Michel, senior vice president, head of trade and export finance. He will be covering both New York operations and Latin America (excluding Mexico). In Hong Kong, Grace Li is in charge of the bank’s Asian business.

In April, Conde was promoted to general manager and CEO of the bank’s affiliated bank in Panama.