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BBVA Compass Names New COO

The move is part of an overall structural change at the bank.

BBVA Compass has named Rafael Bustillo as the bank's new Chief Operating Officer where he will oversee the bank's three lines of business -- retail, wealth management, and commercial.

Bustillo will lead the consumer and commercial bank, working alongside Chief Digital Banking Officer Jeff Dennes, who leads the digital bank, according to BBVA Compass.

Four regional executives will report to Bustillo, as will "champions" for the lines of business in the bank, including retail banking, wealth management, and commercial banking as well as commercial real estate. This new leadership team will be tasked with capitalizing on opportunities and mitigating challenges across the bank's footprint, according to the bank.

According to BBVA Compass, this move is part of an overall structural change designed to allow the bank to be more relevant and responsive to customers and the towns and cities where it operates. Chief Executive Officers will be named in the major cities in the bank's footprint, in addition to a Texas border CEO, a New Mexico CEO, and CEOs representing the bank's community markets in each region.

Bryan Yurcan is associate editor for Bank Systems and Technology. He has worked in various editorial capacities for newspapers and magazines for the past 8 years. After beginning his career as a municipal and courts reporter for daily newspapers in upstate New York, Bryan has ... View Full Bio

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