Banco Sabadell reorganises management structure, placing greater emphasis on AI and transformation

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Reported by the Consejeros Editorial TeamThe Catalan financial institution has announced a new organisational structure aimed at accelerating its transformation, simplifying management and strengthening the execution of its business plan. To implement this organisational change, Banco Sabadell has created two new specialised divisions: the Corporate Transformation and Artificial Intelligence division and the Business Transformation division. The composition of the Management Committee remains unchanged to preserve governance stability whilst this new phase of transformation is being driven forward. Source: Banco SabadellFurthermore, the bank has notified the Spanish National Securities Market Commission of the parameters of its share buy-back programme. This total figure represents approximately 10 per cent of the share capital issued by the banking group.