A&G Private Banking has promoted Gonzalo Rodríguez-Fraile to chief executive officer following the Bank of Spain's assent.
Rodríguez-Fraile, who joined A&G 15 years ago, is currently a member of the Group's Management and Administration Committees as well as partner of the firm. In 2015, he was also named member of AIGA Advisory's Administration Committee. AIGA is a subsidiary of A&G that focuses on corporate transactions and alternative management.
Before joining A&G as a banker in 2003, Rodríguez-Fraile worked as an analyst at Credit Suisse First Boston in London and Madrid.
Gonzalo Rodríguez-Fraile said: "I have been lucky to witness the growth and evolution of A&G since I joined 15 years ago until becoming its current position as an independent firm of reference in the private banking sector in Spain. This appointment is quite challenging to me but I feel confident it will be a rewarding task thanks to the great team forming A&G."
This appointment bolsters A&G executive structure in a move aimed at backing the firm's continuous growth and competitive position in the private banking sector in Spain.
A&G Group reported over €10bn of assets under management last year. The firm has more than 170 employees and 76 bankers working for its offices in Madrid, Barcelona, Santander, Sevilla, Valladolid, Valencia and Luxembourg.