• Lending JV Telefónica Consumer Finance reshuffles board, with changes aligned to adjustments by Group and co‑parent CaixaBank.
  • Telefónica’s María Jesús Almazor swapped for Oscar Candiles as a JV representative.

Telefónica–CaixaBank business changes leadership

Movistar Money JV rejigs leadership

Source: Altumcode / Unsplash

Telefónica Consumer Finance, the operator’s lending joint venture with CaixaBank, reshuffled its board to reflect recent changes at its co‑parents.

Moves included:

  • Juan Gandarias, Chief Executive at CaixaBank Payments & Consumer, being named Chairman, replacing Francois Miqueu, who had held the position since the business launched in 2014 (Telefónicawatch, #81, #85, and passim). Miqueu, formerly Director of Consumer Business at CaixaBank, was appointed CEO at real estate venturing specialist OKUANT earlier in the year. He stepped down as Chairman of the Telefónica Consumer Finance board in July.
  • Telefónica Tech CEO María Jesús Almazor’s resignation. She has been replaced by Telefónica España Chief Strategy & Wholesale Officer Oscar Candiles. Given that Telefónica Consumer Finance is co‑led by Telefónica España, and that Almazor moved from the operating business to Telefónica Tech earlier in the year, her replacement is not surprising. Candiles was initially named a Company Advisor at the consumer finance JV in May 2021.
  • Further changes to elements of CaixaBank’s representation, with Juan Manuel Tabero, formerly CaixaBank Payments & Consumer Chief Information Officer, stepping down. Tabero’s resignation stems from his transfer to FC Barcelona, where he was named Chief Information & Digital Transformation Officer earlier in 2021. David Griera has taken his place at both CaixaBank Payments & Consumer and Telefónica Consumer Finance. Griera was IT Director at CaixaBank prior to the move.

On the CaixaBank side, the changes follow the consolidation of the bank’s various consumer‑focused subsidiaries under a single umbrella. CaixaBank’s FinConsum specialist consumer finance subsidiary, which launched the JV, has since merged with the bank’s various other consumer interests to create the Payments & Consumer unit.

Telefónica Consumer Finance board of directors, December 2021
Source: Telefónica Consumer Finance.
Juan Gandarias (Chair) CEO, CaixaBank Payments & Consumer

Fabio Bruggioni

Global Consumer Head, Telefónica

Oscar Candiles

Chief Strategy & Wholesale Officer, Telefónica España

Jesús Moreira Goicoechea

General Manager, CaixaBank Renting

Óscar González

Corporate Treasury Director, Telefónica

David Griera

CIO, CaixaBank Payments & Consumer

Cristina Lázaro

Executive President, CaixaBank Business Intelligence

Jesús Pérez de Uriguen

Finance & Control Director, Telefónica España

Consumer finance home and abroad

Telefónica Consumer Finance released its Spanish loan service Movistar Money back in 2017 (Telefónicawatch, #117 and #134) and the Group has since followed it up with comparable launches elsewhere in its footprint, albeit with different partners.

Telefónica Colombia established a 50:50 JV with financial services player BBVA to launch Movistar Money Colombia earlier in the year, while Telefónica Mexico launched a pilot with Spanish lender Banco Sabadell for its Movistar Money equivalent (Telefónicawatch, #150).

In the broader digital banking sector, Telefónica Deutschland’s O2 Banking service recently underwent a revamp alongside replacement partner comdirect, and Brazil’s Vivo Money was launched in 2020 via a tie‑up between Telefónica|Vivo and fintech institution Banco QI Sociedade de Crédito Direto (Telefónicawatch, #144, #146, and #148).