Distressed investment manager Strategic Value Partners has appointed Jose Barreiro, a former chief at Banco Bilbao Vizcaya Argentaria (BBVA), to its advisory council.
Barreiro, who has more than 30 years of experience in the banking sector, held a number of executive positions at Spanish lender, BBVA, from 1998 to 2012, the latest being global head of corporate and investment banking from 2005. He was also a member of BBVA’s executive committee at group level from 2005 onwards and most recently a senior advisor to the bank, according to a statement.
Barreiro becomes the fifth member of SVP Global’s advisory council, joining David Cooksey, Bernd Fahrholz, Hideto Ozaki and Jeffrey M. Peek.
All members are current or former senior executives of prominent firms and regulatory bodies in both the financial sector and other industries. Their experience and relationships are critical to SVP Global’s strategy of identifying and creating attractive investment opportunities, the firm said. The council also provides guidance to SVP Global’s management team.
Victor Khosla, founder and chief investment officer of SVP Global, commented: “It is a privilege to welcome José as an advisor to the firm. José is one of the most experienced bankers in Europe and SVP Global and our investors will benefit from his counsel in the years to come. We are very excited by the rising number of investment opportunities in Europe and today’s appointment further enhances our long-standing position in the region.”
Prior to BBVA, Barreiro held senior positions at a number of financial organisations, including Banco Santander, Bankers Trust Company and Chase Manhattan Bank. He was also, until recently, deputy chairman of Bolsas y Mercados Españoles, the operator of all stock markets and financial systems in Spain.
In August, PDI reported that SVP had raised $900 million of a targeted $1 billion for its third special situations fund, Strategic Value Special Situations Fund III. It is currently investing in North America and Western Europe.
SVP Global has approximately $5 billion in assets under management with offices in London, Frankfurt and Tokyo.