Board of Directors Mr Ignacio Garralda Ruiz de Velasco (First Deputy Chairman)

Graduated in Law from “Madrid's Universidad Complutense”.

He was Trade Collegiate Corridor (1976 - 1982), stock-broker agent of "Ilustre Colegio de Agentes de Cambio y Bolsa de Madrid" (1982-1989) and unpaid leave Notary since 1989.

He was Founding Member of “AB Asesores Bursátiles, S.A.” where he served as Deputy Chairman to 2001. He was Deputy Chairman of “AB Morgan Stanley Dean Witter, S.V., S.A.” (1989 to 2001) and Chairman of “Bancoval, S.A.” (1994 - 1996). He was Director of “Sociedad Rectora de la Bolsa de Valores de Madrid, S.A.” (1991-2009).

Actually he is Chairman of “Mutua Madrileña” since 2008, where is Director since 2002 and has been Second Deputy Chairman from 2005 to 2008. On June, 2013, he was appointed Chief Executive Officer and re-elected on May 14, 2015.

Also, since 2017 he holds the position of Director qualified as external propietary of "CAIXABANK" and since 2015 he holds the position of Director qualified as external independent of “ENDESA”; Director of “Faes Farma, S.A.”(2013-2017) and “Consorcio de Compensación de Seguros”, Deputy Chairman of Fundación Lealtad and member of Board of Trustees of “Museo y de la Fundación Reina Sofía”, “Fundación Teatro Real”, “Real Instituto Elcano” and “Fundación Príncipe de Asturias”.

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