BBVA’s global head of transactional trade finance, Nick Shaw, has transferred to the bank’s New York branch where he will head up the newly established global transactional banking team in the USA.

He was previously based in Madrid.

This move completes the roll-out of BBVA’s global transactional banking units across all of the regions covered by the bank’s corporate and investment banking arm.

The new US team will be spread out throughout BBVA’s USA network via BBVA Compass, with specialised teams in Birmingham, Dallas, and Houston, with its headquarters in New York.