BBVA Compass named Garanti Bank’s Onur Genç its next CEO. Manolo Sánchez will become its non-executive chairman.
Genç is currently deputy CEO of Garanti Bank, Turkey’s largest bank by market capitalization and the BBVA Group’s most advanced franchise in digital sales.
Genç leads Garanti’s retail banking, private banking and asset management efforts, among other responsibilities. He joined the bank in 2012 and was named deputy CEO in 2015.
Prior to Garanti, Genç was a senior partner and Turkey office manager at McKinsey & Company, joining the global management consultancy firm in Canada. He became partner in 2004, rising to senior partner and Turkey office manager in 2009. Genç started out his career in 1997 as a financial controller for American Airlines in Dallas.
“BBVA is a global financial group that can tap the world’s best talent and Onur is a clear example of that,” Sánchez said. “I am looking forward to helping him take BBVA Compass to the next level.”
Sánchez will remain as chairman of BBVA Compass, extending a career of more than 25 years with the BBVA Group.