SCH bank appoints former Bank of Spain governor

Luis Angel Rojo, who was governor of the Bank of Spain between 1992 and 2000, has been appointed to the board of directors of Spanish bank Santander Central Hispano (SCH).

Mr Angel Rojo will be an independent external director on the board, replacing Juan Abello, the SCH director who resigned from his position last year in order to support the bid by Spanish construction group Sacyr Vallehermoso to take a controlling stake in Banco Bilbao Vizcaya Argentaria (BBVA), Spain's second largest bank.