About ACF

Leadership

Antonio Fernández
Antonio Fernández
Executive Chairman

Antonio is the Executive Chairman of Ahorro Corporación Financiera, where he has held upper management positions since 1994.

He has originated and structured the majority of the Group’s M&A, DCM and ECM deals. In fact, he has worked on over 100 deals with a total value of approximately €10bn.

Antonio is a member of the Boards of Directors of Persan, Freisa, Cervezas Alhambra, Postres Montero, Famosa, AIAF, Naviera Elcano, Ahorro and Titulización and Consultores Administraciones Públicas, S.A.

Gonzalo Chocano
Gonzalo Chocano
CEO

Gonzalo is the CEO of ACF and a Partner of StormHarbour.

He has over 25 years of experience in Investment Banking, mainly in capital markets.

Gonzalo was Managing Director and Global Head of Futures and Derivatives Clearing at Bank of America Merrill Lynch in New York.

Previously, he was in charge of derivatives for North America and, prior to that, headed up the Southern European Fixed Income department at BAML.

Before joining BAML, Gonzalo was Vice President at Goldman Sachs, in charge of restructuring including coverage Strategies for the Group’s Iberian clients.

Pedro Flames
Pedro Flames
CFO Managing Director

Pedro joined ACF as CFO Managing Director in February 2018. He worked for Credit Suisse for 13 years where he held senior positions involving different products (M&A, Corporate Finance, Capital Markets, Derivatives, Structured Finance), functions (sales, trading and asset structuring) and regions (Europe and Asia). His last position was Head of Energy in Asia.

Before he was hired by ACF, Pedro was the CFO and Member of the Board of an energy company listed in Asia and Deputy CEO and Member of the Board of several technological Companies, also in Asia.

Pedro has a double degree in Business Administration and Law from ICADE (E-3 program in Madrid) and speaks 5 languages.

Hugo Machado
Hugo Machado
COO Managing Director

Hugo is COO and Head of the Real Estate division of ACF.

He joined ACF in 2017 after working for 5 years at StormHarbour, where he focused on origination, asset structuring and execution of DCM, structured financing and M&A deals for Companies, International Funds and Financial Institutions with a particular dedication to the Real Estate, Renewable Energy and Securitisation areas.

Previously, he was a Partner at Ideon FS and, before that, worked in the Treasury and Markets Department at Banesto.

Juan Lladó
Juan Lladó
Partner and Head of Corporate & Investment Banking

Juan was hired by ACF to head up its Corporate and Investment Banking Department

He is specialised in origination, structuring and execution of M&A, ECM and DCM deals.

With over 20 years of experience before joining ACF, Juan worked for 11 years at Banco Santander as Managing Director and Global Head of the Financial Institutions Group (FIG). Prior to that, he was at Deutsche Bank in London for 10 years.

Borja Fernández-Espejel
Borja Fernández-Espejel
Head of Club Deal

Borja is Corporate Managing Director of ACF and joined the Group in order to head up Club Deal.

He has over 22 years of experience in investments (14 years in Private Equity) in both listed (€3.7bn) and non-listed (€2bn) companies in a wide range of sectors (Real Estate, Infrastructures, Renewable energy, Telecom, Retail, Consumer, Industrial, Services, etc.).

In addition, he is currently an Independent Director of MásMóvil, where he has attended numerous board meetings since 2004

Previously, Borja was the CFO of Vía Célere and Metrovacesa. Before that, he held management positions at Caser, Alantra, Ahorro Corporación, PwC and ACS.

Yago Valderrama
Yago Valderrama
Managing Director

Yago has more than 20 years of experience in the capital markets. He joined StormHarbour in 2015 from Société Générale, where he was Head of Iberian Institutional Cross Assets Solutions. Previously, he worked for Nomura International (2008-10) in London, where he originated structured deals aimed at helping banks tackle liquidity and capital restrictions. He began his career at Lehman Brothers (London) where he worked for over 18 years.

Aitor Elustondio
Aitor Elustondio
Debt Solutions Director

Aitor was hired as Managing Director of ACF’s Debt Solutions team. Prior to joining ACF, he was the General Manager of Savia Financiación. Before that, he worked for 11 years for Banco Santander where he was the Managing Director of Global Syndicated Loans. Previously, he held various posts at BBVA (in the Bond Syndicate and Sales &Trading areas) during 10 years. He has a Masters in Financial Markets from Fundación San Pablo-CEU.

Ignacio Pena
Ignacio Peña
ECM - Advisor

Ignacio has 19 years of experience in Investment Banking. After launching his career in the derivatives markets at Deutsche Bank and finishing his Masters in Finance at CUNEF, Ignacio began to work in Equity Capital Markets at Banco Santander where he has spent most of his professional career both in Europe and NYC (four years). His last position was Head of Syndicate and Execution (at Banco Santander), where he carried out 122 deals for a total sum of over €234Bn. He was one of 20 people chosen out of 170,000 employees for the Bank’s Young Executives Programme and, in addition, has a double degree in Economics and Business Administration from the Carlos III University in Madrid.

Itziar Gómez de la Vega
Itziar Gómez de la Vega
Debt Capital Director

Itziar has over 15 years of experience in DCM. She joined ACF’s C&IB team in 2014. Her specialty is the origination, structuring and execution of DCM deals. Before joining ACF, Itziar was the Director of DCM at Banesto (Madrid). Prior to that, she was the Director of Institutional Financing at Caja España and a member of ICO’s Capital Markets team for more than 6 years.

Javier Barrenechea
Javier Barrenechea
Structured Debt Director

Javier has worked for ACF since 2003 and has over 17 years of experience in project financing (infrastructures and energy), including origination, structuring and syndication of deals. Beforehand, he worked for Dexia (Madrid) as Subdirector of Structured Financing (with a focus on public sector financing) and at Banesto (Corporate Banking) and BBVA (Credit Analysis).

Antonio Fernández
Antonio Fernández
Investment Banking Director

Antonio has 10 years of experience in Investment Banking, specialising in M&A and Capital Markets. He has participated in numerous deals in Europe and LATAM where he was a Business Director at the Panama Stock Exchange. Prior to joining ACF, Antonio worked for EY and Akerton Partners. Antonio has an MBA from the IE Business School (where he was on the Dean’s List) and also has a BBA and a BA in Economics from Saint Louis University (Missouri USA).

Nick Henderson
Nick Henderson
Head of Institutional Equity Sales & Trading

Nick has more than 27 years of experience in Investment Banking / Sell Side Institutional Cash Equity Sales, Sales Trading & Trading and has worked in Madrid, London and New York. He spent most of his professional career (19 years) at Banco Santander where he was Managing Director of Global Banking & Markets (13 years), Head of European Sales Trading and Member of the Equity Executive Management Committee (12 years), Head of European Cash Trading / Execution (2 years), and Head of the European Equity Distribution Desk in NYC (3 years). UK FCA & US FINRA Licenses: Series 7, 63, & 24 (General Securities Principal).

Jose María Vilar
Jose María Vilar
Equity & Derivatives Director

Jose María is Director of the Equity & Derivatives office in Barcelona since 2001. He was hired by ACF in 1992 as an Equities and Derivatives Sales Trader. Before joining ACF, Jose María worked for 2 years at B&TP as an International Derivatives Sales Trader.

Pedro Soler
Pedro Soler
Managing Director CTO / Head of Business Development

Pedro has over 20 years of experience in technology applied to financial markets and in Management of IT, Organisation and Post-Trading departments. He joined ACF in 1996 from the world of financial consulting, where he worked for EY. At ACF he is in charge of technological platforms and business development associated with them. He has an IT degree from UPM (Madrid Polytechnic University).

Nick Smith
Nick Smith
Managing Director, Institutional Equity

Nick has 30 years of experience in Institutional Equities, both in the brokerage world and on the asset management side. In the Equities arena, he has worked for banks such as Barclays, Credit Suisse and Banco Santander where he was the Head of Cash Equity in 2010. Thereafter, he entered the asset management sector where he set up and managed an independent company based in the Netherlands. He has been a member of ACF's team since May 2019.

Javier Ferrer
Francisco Javier Ferrer
Managing Director / Head of Global Rates

Francisco Javier has worked for ACF for 33 years, always in the Interest Rate and FX markets. His career has also been highly linked to technology applied to markets. He is responsible for interest rates and FX, both voice-driven and electronic markets. In fact, he has worked in all areas of these markets and has both domestic and international clients. He has spearheaded systems for LATAM markets (e.g. an electronic platform for the Peruvian Public Debt Market). Moreover, he collaborates with various Business schools and newspapers specialised in the economy and markets.

Jose Antonio Alsina
Jose Antonio Alsina
Fixed Income

For the past 30 years Jose Antonio has been one of the main drivers of the Group’s activities on electronic platforms, not only providing services to our clients but also developing technological solutions to meet their needs: trading systems, calculation models, etc. to lend support to market making. He is currently in charge of electronic platforms for Fixed Income and Fixed Income derivatives at ACF. CIF (Financial Information Certification).

Enrique Aparicio
Manuel Bermudo
Head of Trading, Fixed Income

Manuel has more than 20 years of experience in financial markets and fixed income asset management. He begin his career at CM Capital Markets and has held various management positions at ACF. He currently trades for the Group’s proprietary account and manages a team focused on execution and trading of bonds, derivatives and inflation in various fixed income markets in Europe, the US and Asia, all in a multiplatform environment.

Gonzalo Olmo
Gonzalo Olmo
Trading, Fixed Income

With over 10 years of experience with our Group, Gonzalo has held various positions in areas such as Fixed Income Sales and Corporate Strategy. In 2014 he joined the Trading Division, initially in Market Making of derivatives and fixed income products. Currently, he is involved in trading and execution in various bond and derivatives markets - in a multiplatform environment - and also trades for ACF's proprietary account.

Enrique Aparicio
Enrique Aparicio
Equity Sales

Enrique has more than 32 years of experience in sales, primarily covering institutional clients. Prior to joining ACF, Enrique worked for 5 years at Intermoney and Banesto Bolsa.

Juan Pérez Caballero
Juan Pérez Caballero
Equity Sales

Juan has more than 30 years of experience in sales, mainly covering institutional clients. Before he was hired by ACF, Juan worked for 5 years at Intermoney and Banesto Bolsa.

Juan Antonio Ruiz
Juan Antonio Ruiz
Fixed Income Sales

Juan Antonio has over 25 years of experience related to coverage of domestic clients in the Cash Fixed Income markets.

Federico de la Hera
Federico de la Hera
Fixed Income Sales

Federico has over 20 years of experience related to coverage of both domestic and international clients in the Cash Fixed Income markets.

Esteban García
Esteban García Nuñez
Fixed Income

Esteban joined ACF 3 years ago from the corporate sector where he worked for Repsol. He currently carries out sales and trading, using Electronic Platforms, of Fixed Income and its derivatives for both the institutional and retail markets. He has Eurex, Send and CIF (Financial Information Certification) licenses.

Fernando Somalo
Fernando Somalo Vicente
Fixed Income

Fernando has 27 years of experience in the financial markets, always at ACF where he specialises in Fixed Income Sales and Trading at the short-end of the interest rate curve and Money Markets and their Derivatives. He provides coverage of domestic institutional clients. CIF (Financial Information Certification).

Javier Gómez
Javier Gomez-Escolar Magro
Fixed Income

For the past 15 years Javier has worked in the financial markets: shifting from working on equity derivatives desks to the fixed income electronic trading desk. He also engages in telephone sales, acting as a liaison between voice and electronic markets. To carry out these activities, he has Eurex and SEND trading licenses. CIF (Financial Information Certification).

Andrés Martino
Andrés Martino Fernández
Fixed Income

Andrés is a Swiss citizen with a Spanish background and has 19 years of experience in financial markets. He has worked for several Spanish brokers. For the past 11 years he has worked for ACF where he is a multi-product trader, for both public and private fixed income, along the entire curve. He provides coverage of international clients. CIF (Financial Information Certification).

Letizia Diez
Leticia Diez Glenday
Fixed Income

Although her tenure at ACF is only 2 years, Leticia has worked in the financial markets for 5 years. She is a multi-product trader, providing coverage to international institutional clients in both the public and private fixed income arenas. CIF (Financial Information Certification).

Jorge Garrido
Jorge Garrido
VP - Credit Sales and Trading

Jorge joined ACF’s credit team in March 2018. He began his career in 2013 as an equities proprietary trader at Auriga Global Investors, changing over in 2016 to the position of Sales-Trader of High Yield/Special Situations and corporate debt restructuring. He has a Masters in Financial Markets and a Masters in Private Equity/Corporate Finance, both from IEB.

Serena Monti
Serena Monti
VP - Credit Sales and Trading

Serena joined ACF’s Credit Team in September 2019. She has over 20 years of experience as a Sales Trader in Fixed Income, covering different types of products with a special approach on High Yield and financial subordinated products. She started her professional career in Italy, in Banca Promos, moving to Spain in 2013 when she joined JB Capital Markets’ Team.

María Basurte
María Basurte
Equity & Derivatives sales trader

María has been a member of ACF’s team since 2001. Before that, she worked as an equity sales trader at Gaesco Bolsa.

Blanca Nuñez
Blanca Nuñez
Equity Sales

After a year-long internship in the Research & Sales Department, Blanca joined the Equity Sales team in 2015.

Almudena Zayas
Almudena Zayas
Head of Equity Execution

Almudena is the Head of Equity Execution and Connectivity Platforms. She has more than 21 years of experience as a trader in the main European markets. Before joining ACF, she worked for Corporación Agentes de Bolsa for 4 years.

Álvaro Rodríguez
Álvaro Rodríguez
Derivatives Sales Desk

Álvaro joined ACF’s Equities Team in 2012, firstly on the sales side and later in the Equity Derivatives area where he has worked for more than 4 years.

Javier Domínguez
Javier Domínguez
Lead IT Business Analyst

Javier joined ACF in 2001 whilst still an engineering student at ICAI-ICADE and has more than 18 years of experience as an IT Business Analyst in the financial markets. He is currently in charge of business applications and connectivity of markets, platforms and clients. During his career he has managed and carried out projects including adaptation to the new Securities Registry, Clearing and Settlement System and technical implementation of MiFID regulations for financial markets.

Madrid
  • C/ Eucalipto, 25
  • Madrid 28016
  • España
  • See map
  • (+34) 91 586 9300
  • info@ahorro.com
Barcelona
  • Passeig de Gràcia, 74.
  • Barcelona 08008
  • España
  • See map
  • (+34) 93 366 2400
  • info@ahorro.com
Nueva York *
  • 452 Fifth Avenue, 29th Floor
  • New York, NY 10018
  • USA
Londres *
  • 10 Old Burlington Street
  • London W1S 3AG
  • United Kingdom
Lisboa *
  • Escritorio De Representacao
  • Rua Joshua Benoliel n.º 6 – 6ºA
  • 1250-133 Lisboa - Portugal
Dubai *
  • Dubai International Financial Centre
  • The Gate, Level 15, Office 36
  • P.O. Box 121208, Dubai
  • UAE
* Offices of Stormharbour.