The former head of retail banking at CaixaBank, Juan Antonio Alcaraz, will represent Nortia Capital, the Lao family's holding company. Ángel Hernando, director of Arama Futuro, takes another seat on the board.
MyInvestor has added two new proprietary directors to its board of directors. The neobank—backed by Andbank Group, AXA, and El Corte Inglés, among others—has appointed Juan Antonio Alcaraz, former head of retail banking at CaixaBank until January 2023 and current director of Nortia Capital (the Lao family’s holding company), and Ángel Hernando, director of Arama Futuro (the family office of Ángel Asín), to its board.
MyInvestor approved the entry of both directors at its shareholders’ meeting last June. However, the appointments were officially published this Tuesday in the Official State Gazette (BOE).
With Alcaraz and Hernando, MyInvestor’s board now consists of 14 members. According to its bylaws, the board of directors must be composed of a minimum of five and a maximum of 15 members.
These will be divided into nine proprietary directors; two executive directors—Carlos Asó, Chairman of Andbank Group and Vice Chairman of MyInvestor, and Nuria Rocamora, CEO of the neobank—and three independent directors.
Both directors join the board following the funding round that MyInvestor completed late last year, which was led by Nortia Capital and Arama Futuro.
The entity raised €45 million during the past fiscal year, which served to strengthen its capital ratios. Through this round, the institution increased its highest-quality core capital by €60 million.
Other holding companies, such as Casticapital, Aligrupo, and Reig Patrimonia, also participated in the investment round.
MyInvestor closed 2023 with a profit of €2.4 million, marking the neobank’s first positive financial year. It recently surpassed the €7 billion milestone in total business volume.