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Spain's FROB says replacing Catalunya Banc management

Source: Reuters - Fri 10th May 2013
Spain's FROB says replacing Catalunya Banc management

Spain's bank restructuring fund FROB said on Friday that it was replacing the management at nationalised lender Catalunya Banc and would appoint Jose Carlos Pla as new chairman.

A former BBVA executive, Pla is seen as close to Jose Ignacio Goirigolzarri, the former BBVA Chief Executive who now runs bailed-out Bankia.

Catalunya Banc is one of four Spanish lenders controlled by the FROB, along with Bankia.