Organisational changes in BME Clearing

• José Manuel Ortiz-Repiso, new CEO, and Xavier Aguilá, General Manager
• Ignacio Solloa, until now General Manager of BME’s CCP, retires after over 30 years in the company

José Manuel Ortiz-Repiso, head of the Clearing unit, has been appointed CEO of BME Clearing, while Xavier Aguilá will become General Manager. These appointments follow the retirement of Ignacio Solloa, until now General Manager.

José Manuel Ortiz-Repiso holds a degree in Economics from Universidad San Pablo CEU and an MBA from Instituto de Empresa. He joined BME in 2000. Between 2003 and 2014 he worked as supervisor of the Spanish stock market and head of Market Quality. Between 2013 and 2016 he was the project manager for the creation of the information system (PTI) and has since led the Clearing unit.

Xavier Aguilá holds a degree in Economics from Universidad Autónoma de Barcelona, a Master's degree in Programming and Public Expenditure from Instituto de Estudios Fiscales, and a Master's degree in Economics from Universidad Pompeu Fabra. He joined BME in 1992 as Head of Risks at MEFF, the Spanish derivatives market, and later on held various senior positions. Since 2014 he has been Chief Operating Officer of BME Clearing.   

"I thank Ignacio Solloa for his more than 30 years of dedication and wish him all the best in this new vital stage. Ignacio participated in the creation of the derivatives market in Spain and promoted its development, helped in the creation of the central counterparty and has led it until now, turning it into one of the most successful CCPs in Europe. I am convinced that José Manuel Ortiz-Repiso and Xavier Aguilá will continue this brilliant work," stated Javier Hernani, CEO of BME.

Xavier Aguilá's appointment will become effective once it receives authorisation from the Spanish stock market supervisor (CNMV).