Who we are
- About us
- Team
Formerly known as the Research Service, BBVA Research was created in 1932. It is currently headed by Jorge Sicilia, Chief Economist of the BBVA Group. Its mission: to stimulate public debate and foster society’s knowledge on topics such as Banking, the Digital Economy and Geostrategy.
Today, BBVA Research is a benchmark for research and economic analysis in different countries in the Americas, Europe and Asia. Its team of over 100 analysts produces reports and forecasts in over 10 countries.
BBVA Research areas of work
Macroeconomics
Financial Systems
Digital Economy
Geostrategy
Team
BBVA Research is made up of multidisciplinary profiles focused on offering the best analysis within its different areas of work: Macroeconomics, Financial Systems, Digital Economy and Geostrategy.
If you want to know more about the members of BBVA Research, click on “More information”.
![Joxe Mari Barrutiabengoa](https://www.bbvaresearch.com/wp-content/uploads/2020/09/Foto_Joxe-Mari-120x120.png)
![Macarena Bayal](https://www.bbvaresearch.com/wp-content/uploads/2021/01/macarena-bayal-web-bbvaresearch-120x120.png)
![Noelia Cámara](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Noelia_Cámara483-e1395674768488-120x120.jpg)
![Ana Carregui](https://www.bbvaresearch.com/wp-content/uploads/2014/06/Ana_Carregui447-e1401781721420-120x120.jpg)
![Carlos Castellano](https://www.bbvaresearch.com/wp-content/uploads/2020/09/Foto_carloscastellanos-120x120.jpg)
![Sonsoles Castillo](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Sonsoles_Castillo6671-e1395678815955-120x120.jpg)
![Brenda Castillo](https://www.bbvaresearch.com/wp-content/uploads/2022/11/Brenda_Castillo_BBVAResearch-120x120.jpg)
![Julián Cubero](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Julián_Cubero503-e1395665165981-120x120.jpg)
![Oscar De las Peñas](https://www.bbvaresearch.com/wp-content/uploads/2015/06/OSCAR-retocada-120x120.jpg)
![Sumedh Deorukhkar](https://www.bbvaresearch.com/wp-content/uploads/2014/05/Sumedh-e1401350814297-120x120.jpg)
![Esther Díaz](https://www.bbvaresearch.com/wp-content/uploads/2017/03/esther2-120x120.png)
![Rafael Doménech](https://www.bbvaresearch.com/wp-content/uploads/2019/04/rafael-domenech-1-120x120.png)
![Enestor Dos Santos](https://www.bbvaresearch.com/wp-content/uploads/2014/11/Enestor_Dos_Santos495-e1395663031604-120x120.jpg)
![Sergio Galván Grande](https://www.bbvaresearch.com/wp-content/uploads/2024/04/sergio-galvan-bbvaresearch-120x120.png)
![Agustín García](https://www.bbvaresearch.com/wp-content/uploads/2015/09/Agustin_Garcia164-120x120.jpg)
![Ferran García i Aguilar](https://www.bbvaresearch.com/wp-content/uploads/2024/03/Ferran_Garcia-120x120.png)
![Nara González](https://www.bbvaresearch.com/wp-content/uploads/2023/11/nara-gonzalez-bbvaresearch-120x120.jpg)
![Olga Gouveia](https://www.bbvaresearch.com/wp-content/uploads/2015/08/foto-Olga-120x120.jpg)
![Jose Felix Izquierdo](https://www.bbvaresearch.com/wp-content/uploads/2014/06/Jose_Félix_Izquierdo552-120x120.jpg)
![Miguel Jiménez](https://www.bbvaresearch.com/wp-content/uploads/2020/02/miguel-jimenez-120x120.jpg)
![Diego Juez](https://www.bbvaresearch.com/wp-content/uploads/2021/04/diego-juez-bbvaresearch-120x120.png)
![Pedro Lomo Menéndez](https://www.bbvaresearch.com/wp-content/uploads/2023/07/pedro-lomo-bbvaresearch-120x120.jpg)
![Virginia Marcos Herreros](https://www.bbvaresearch.com/wp-content/uploads/2018/12/virginia-marcos_-120x120.jpg)
![María Martínez](https://www.bbvaresearch.com/wp-content/uploads/2014/03/María_Martínez139-e1395665872393-120x120.jpg)
![Pilar Más Rodríguez](https://www.bbvaresearch.com/wp-content/uploads/2020/05/pilar-mas-120x120.png)
![Víctor Moreno Azofra](https://www.bbvaresearch.com/wp-content/uploads/2023/09/victor-moreno-azofra-bbvaresearch-120x120.jpg)
![Alejandro Neut](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Alejandro_Neut286-e1395660243371-120x120.jpg)
![José María Ortega Castellanos](https://www.bbvaresearch.com/wp-content/uploads/2024/02/jose-maria-ortega-bbvaresearch-120x120.png)
![Alvaro Ortiz](https://www.bbvaresearch.com/wp-content/uploads/2023/11/Alvaro_Ortiz_BBVAResearch-120x120.jpeg)
![Víctor Ortiz Giménez](https://www.bbvaresearch.com/wp-content/uploads/2023/12/victor-ortiz-bbvaresearch-120x120.png)
![Diego Pérez González](https://www.bbvaresearch.com/wp-content/uploads/2023/07/diego-perez-bbvaresearch-120x120.jpg)
![María Pérez-Crespo](https://www.bbvaresearch.com/wp-content/uploads/2014/03/María_Crespo520-e1395666005843-120x120.jpg)
![Cecilia Posadas](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Cecilia_Posadas466-e1395661629636-120x120.jpg)
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![Adrián Santos](https://www.bbvaresearch.com/wp-content/uploads/2023/05/Adrian_Santos_BBVA_Research-120x120.jpg)
![David Sarasa Flores](https://www.bbvaresearch.com/wp-content/uploads/2023/07/david-sarasa-bbvaresearch-120x120.png)
![Jorge Sicilia](https://www.bbvaresearch.com/wp-content/uploads/2019/06/jorge-sicilia-120x120.png)
![Alfonso Ugarte](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Alfonso_Ugarte301-e1395660387627-120x120.jpg)
![Cristina Varela](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Cristina_Varela562-e1395662010368-120x120.jpg)
![Sirenia Vázquez](https://www.bbvaresearch.com/wp-content/uploads/2013/10/SireniaVazquez-Mexico_Unit-120x120.jpg)
![Jaime Zurita](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Jaime_Zurita220-e1395664470493-120x120.jpg)
![Miguel Cardoso](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Miguel_Cardoso5132-e1395674395182-120x120.jpg)
![Giancarlo Carta](https://www.bbvaresearch.com/wp-content/uploads/2020/05/giancarlo-carta-120x120.png)
![Juan Ramón García](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Juan_Ramón_García210-e1395664835991-120x120.jpg)
![Francisco Javier García Arquero](https://www.bbvaresearch.com/wp-content/uploads/2023/10/francisco-javier-arquero-bbvaresearch-120x120.png)
![Arturo Luis Jiménez Martín](https://www.bbvaresearch.com/wp-content/uploads/2023/05/arturo-luis-jimenez-martin-bbvaresearch-120x120.jpg)
![Félix Lores](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Félix_Izquierdo5901-e1395663330569-120x120.jpg)
![Javier Muñoz Gijón](https://www.bbvaresearch.com/wp-content/uploads/2024/03/javier-munoz-bbvaresearch-120x120.png)
![Virginia Pou](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Virginia_Pou605-e1395677397495-120x120.jpg)
![Pep Ruiz](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Pep_Ruiz677-e1395675358211-120x120.jpg)
![Camilo Ulloa](https://www.bbvaresearch.com/wp-content/uploads/2014/03/Camilo_Ulloa202-e1395661173568-120x120.jpg)
![Javier Amador](https://www.bbvaresearch.com/wp-content/uploads/2013/10/JavierAmador-Mexico_Unit-120x120.jpg)
![Guillermo Jr. Cárdenas Salgado](https://www.bbvaresearch.com/wp-content/uploads/2018/11/GuillermoJr-120x120.jpg)
![David Cervantes Arenillas](https://www.bbvaresearch.com/wp-content/uploads/2017/11/DavidCervantes-120x120.jpg)
![Mauricio Escalera Franco](https://www.bbvaresearch.com/wp-content/uploads/2023/08/mauricio-escalera-bbvaresearch-120x120.jpg)
![Iván Fernández](https://www.bbvaresearch.com/wp-content/uploads/2021/06/Victor-Ivan-Fernandez-Mendiola-BBVAResearch-120x120.jpg)
![Marissa González](https://www.bbvaresearch.com/wp-content/uploads/2021/06/marissa-gonzalez-bbvaresearch-1-120x120.png)
![Alfonso Gurza](https://www.bbvaresearch.com/wp-content/uploads/2022/05/AGG3-120x120.jpg)
![Marco Lara](https://www.bbvaresearch.com/wp-content/uploads/2024/01/marco-antonio-lara-ramirez-bbvaresearch-120x120.png)
![Rodrigo Leo Paniagua](https://www.bbvaresearch.com/wp-content/uploads/2021/11/Rodrigo-Leo-BBVAResearch-120x120.jpg)
![Juan José Li Ng](https://www.bbvaresearch.com/wp-content/uploads/2013/10/JuanLi-Mexico_Unit-120x120.jpg)
![Diego López](https://www.bbvaresearch.com/wp-content/uploads/2023/11/diego-perez-tamayo-bbvaresearch-120x120.png)
![Gabriela López](http://www.bbvaresearch.com/wp-content/uploads/2020/04/Gaby-Lopez.jpg)
![Iván Martínez Urquijo](https://www.bbvaresearch.com/wp-content/uploads/2013/10/IvanMartinez-Mexico_Unit-120x120.jpg)
![Crista Pérez](http://www.bbvaresearch.com/wp-content/uploads/2020/04/Crista_Perez-120x120.jpg)
![Ericka Rodríguez](https://www.bbvaresearch.com/wp-content/uploads/2020/10/Ericka-Rodriguez-120x120.jpg)
![Arnulfo Rodríguez](https://www.bbvaresearch.com/wp-content/uploads/2013/10/ArnulfoRodriguez-Mexico_Unit-120x120.jpg)
![Saide Aránzazu Salazar](https://www.bbvaresearch.com/wp-content/uploads/2024/05/saide-salazar-bbvaresearch-120x120.png)
![Elisa Sánchez](https://www.bbvaresearch.com/wp-content/uploads/2013/10/ElisaSanchez-Mexico_Unit-120x120.jpg)
![Carlos Serrano](https://www.bbvaresearch.com/wp-content/uploads/2013/09/Carlos-Serrano-4-120x120.jpg)
![Mariana Angélica Torán](https://www.bbvaresearch.com/wp-content/uploads/2015/06/mariana-120x120.jpg)
![Gerónimo Ugarte Bedwell](https://www.bbvaresearch.com/wp-content/uploads/2022/04/GUB-foto-BBVA-120x120.jpg)
![Samuel Vázquez](https://www.bbvaresearch.com/wp-content/uploads/2018/07/SamuelVazquez-1-120x120.jpg)
![Marcos Dal Bianco](https://www.bbvaresearch.com/wp-content/uploads/2019/07/MarcosDalBianco-120x120.jpg)
![Federico Daniel Forte](https://www.bbvaresearch.com/wp-content/uploads/2019/11/federico-daniel-1-120x120.png)
![Adriana Haring](https://www.bbvaresearch.com/wp-content/uploads/2015/10/Foto-actualizada-Adriana-Haring-Argentina-120x120.jpg)
![Mario Iparraguirre](https://www.bbvaresearch.com/wp-content/uploads/2018/12/Foto-Research-2-120x120.jpg)
![Juan Manuel Manías](https://www.bbvaresearch.com/wp-content/uploads/2013/10/JuanManuelManias-Argentina_Unit-120x120.jpg)
![Tomas Triantafilo](https://www.bbvaresearch.com/wp-content/uploads/2020/03/TomasTeodoroTriantafilo-120x120.png)
![Mauricio Hernández](https://www.bbvaresearch.com/wp-content/uploads/2017/04/Mauricio_Hernandez-120x120.jpg)
![María Claudia Llanes](https://www.bbvaresearch.com/wp-content/uploads/2015/03/IMG_4691-120x120.jpg)
![Andres Felipe Medina Grass](https://www.bbvaresearch.com/wp-content/uploads/2022/04/andres-felipe-medina-bbvaresearch-120x120.png)
![Laura Katherine Peña Cardozo](https://www.bbvaresearch.com/wp-content/uploads/2021/12/Laura_Katherine_BBVAResearch-120x120.jpg)
![Alejandro Reyes González](https://www.bbvaresearch.com/wp-content/uploads/2017/04/Alejandro_Reyes-120x120.jpg)
![Olga Serna](https://www.bbvaresearch.com/wp-content/uploads/2021/05/Olga-Serna-wp-120x120.jpg)
![Juana Téllez](https://www.bbvaresearch.com/wp-content/uploads/2016/09/IMG_24822-120x120.jpg)
![Vanessa Belapatiño](https://www.bbvaresearch.com/wp-content/uploads/2015/10/IMG_20151025_172818-120x120.jpg)
![Yalina Crispin](https://www.bbvaresearch.com/wp-content/uploads/2014/08/Yalina-Crispin-BBVA-Research-Peru-e1408950256313-120x120.jpg)
![Francisco Grippa](https://www.bbvaresearch.com/wp-content/uploads/2019/03/FranciscoGrippa-120x120.jpg)
![Hugo Perea](https://www.bbvaresearch.com/wp-content/uploads/2013/10/HugoPerea-Economisita_jefe_Peru-120x120.jpg)
![Manuel Ernesto Saenz Valdez](https://www.bbvaresearch.com/wp-content/uploads/2023/05/manuel-ernesto-saenz-bbvaresearch-120x120.jpg)
![Hugo Vega](https://www.bbvaresearch.com/wp-content/uploads/2018/12/HUGO_0028_alta-120x120.jpg)
![Gennaro D'Angelo](https://www.bbvaresearch.com/wp-content/uploads/2019/12/GennaroDAngelo-1-120x120.jpg)
![Frank Gómez](https://www.bbvaresearch.com/wp-content/uploads/2013/10/FrankGomez-Venezuela_Unit-120x120.jpg)
![Kerem Baloğlu](https://www.bbvaresearch.com/wp-content/uploads/2022/12/Kerem-Baloglu-120x120.png)
![Ali Batuhan Barlas](https://www.bbvaresearch.com/wp-content/uploads/2016/09/Batuhan-120x120.jpg)
![Yigit Engin](https://www.bbvaresearch.com/wp-content/uploads/2015/10/yigit-engin-2-120x120.jpg)
![Deniz Ergun](https://www.bbvaresearch.com/wp-content/uploads/2015/10/deniz-ergun-120x120.jpg)
![Seda Guler Mert](https://www.bbvaresearch.com/wp-content/uploads/2021/06/Seda_Guler_Mert_BBVA_Research-120x120.png)
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![Carlota Giralt Castellano](https://www.bbvaresearch.com/wp-content/uploads/2022/10/Carlota-Giralt-Castellano-FOTO-120x120.jpeg)
![Silvia Irazoqui González](https://www.bbvaresearch.com/wp-content/uploads/2022/09/Silvia_Irazoqui-120x120.jpg)
![Jesus Lozano](https://www.bbvaresearch.com/wp-content/uploads/2017/03/jesus-120x120.png)
![Salvador Portillo Bustillo](https://www.bbvaresearch.com/wp-content/uploads/2022/10/salvador-portillo-120x120.jpg)
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![Vasco M. Carvalho](https://www.bbvaresearch.com/wp-content/uploads/2020/04/vasco-m-carvalho-96x120.png)
![Javier Ferri](https://www.bbvaresearch.com/wp-content/uploads/2019/05/javier_ferri-120x120.jpg)
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