Graduated in Law from Madrid's Complutense University. Furthered his studies in other European and American institutions.
He has been Chairman of the World Federation of Exchanges (WFE) from 2001 to 2002 and the Federation of European Stock Exchanges (FESE) from 1996-1998. Chairman of Servicio de Compensación y Liquidación de Valores, S.A. (2000 to 2002). Chairman of Sociedad de Bolsas, S.A., (1994-2002). MEFF Vice-Chairman (1991-2004). Director of the International Accounting Standards Committee (IASC). Trustee of the International Financial Reporting Standards Foundation (IFRS), supervisor of the International Accounting Standards Board (IASB) (2010-2016). Chairman of the European Capital Markets Institute. Board member of Santander Investment Finance, S.V., S.A. and of Santander Consumer Finance, S.A.
He is currently Chairman and Chief Executive Officer of BME, Bolsas y Mercados Españoles, Sociedad Holding de Mercados y Sistemas Financieros, S.A.; and Chairman of Sociedad Rectora de la Bolsa de Valores de Madrid, S.A.U. and Director of Sociedad de Bolsas, S.A. He is a member of the Advisory Board of Clearstream International, Director of Operador del Mercado Ibérico de Energía-Polo Español, S.A. (OMIE), representative of BME as member of the Board of Directors of "Operador do Mercado Ibérico (Portugal) SGPS, S.A." (OMIP). He is also Chairman of the Social Council of the University of Extremadura.