Marc Armengol tiene más de un millón de euros invertido en acciones de Sabadell

Marc Armengol, the newly appointed co-chief executive officer of Sabadell, has invested over one million euros in the bank's shares, according to recent financial disclosures. The 1.3 million euros he has personally allocated to Sabadell stock is the result of his recent appointment to the board, which requires him to publicly disclose his ownership stake.

Prior to his time at Sabadell, Armengol served as CEO of TSB, a British bank that the Spanish financial institution had recently acquired from Santander. Armengol is likely to have accumulated much of his portfolio through the payment of performance-based bonuses in the form of company shares. Among senior executives of listed banks, it is common for a portion of their compensation to be paid in shares of the company itself.

Armengol's recent tenure at Sabadell has been relatively brief, as he only assumed his current role in May, and there is no record of him selling any shares during this period. His predecessor, César González-Bueno, had invested a significant portion of his personal wealth in the bank over the course of five intense years leading the company, ultimately accumulating more than two million shares valued at 7.28 million euros.

González-Bueno systematically reinvested a portion of his fixed annual compensation into Sabadell shares, as outlined in the bank's remuneration policy. Much of his portfolio was built in 2021 when the bank was at a particularly low valuation, as it was struggling with capital shortages during the pandemic and had to sell off several key assets.

At the time Armengol joined the board, the bank's shares were trading far below their current price of 3.64 euros, resulting in substantial gains on his investment. Another director who has recently disclosed his stock position is Carlos Ventura, who had previously been Sabadell's director of corporate and investment banking. Ventura's current position gives him oversight of all business segments except for corporate and investment banking, for which Armengol holds full responsibility.

Ventura is the most experienced member of the board, having spent his entire career at the bank, and his share package is valued at 3.42 million euros. Josep Oliu is among the top three wealthiest bank executives in Spain, having invested a significant portion of his personal wealth in the bank through his own company, Torrellimona.

Oliu's holdings amount to 8.11 million shares, valued at 29.5 million euros, and he received an additional 4 million euros in super-profits from the bank's recent sale of TSB to Santander.