Isidro Fainé, Full Member of the Real Academia de Ciencias Económicas y Financieras (RACEF) and President of the Caixa d’Estalvis i Pensions de Barcelona, was yesterday unanimously elected President of the Spanish Federation of Savings Banks (CECA). Fainé assumes the office with the restructuring of the Spanish financial system and reform of the Law on Guideline Bodies for Savings Bank as his main challenges.

A week ago the Academician was awarded by the Catalan Government with the Creu de Sant Jordi (Cross of Saint George), the highest honour offered by the Catalan Government and he was elected a month ago as President of the Foundation for the Spanish Confederation of Directors and Executives (CEDE), which represents more than 86,000 professionals.