Following the promotion of Juan Urquiola to manage the newly created business support unit for wholesale banking in the Americas, Erich Michel has been promoted to head of trade finance at BBVA in New York, reporting directly to Alberto Conde, global head of trade finance.

Urquiola was previously head of corporate banking and trade finance at BBVA in NY. He now covers all the support functions: middle office, credit, human resources, administration, legal, compliance, risk, operations, IT, etc.

Additionally Sarah Chen, formerly with BoTM-UFJ, has joined BBVA in Shanghai as manager of trade finance, reporting to Nicholas Shaw, head of trade finance, North Asia.