- Martín Navaz, president of Confide, has been appointed CEO of PIB Group in Spain and also becomes a shareholder in the group.
Confide officially becomes part of PIB Group and PIB's hub in Spain, once the transaction has received Spanish regulatory approval.
For Confide, joining PIB is the next stage in the continued development of a long-term sustainable project in Spain, which will collectively ensure our success in the Spanish market.
Thank you for the trust that PIB has placed in Confide.
Brendan McManus, group managing director of the English group, and James Harmer, director of European Mergers and Acquisitions for the PIB group, believe that Confide will be the cornerstone of PIB's expansion in Spain.
In addition to Confide, PIB Group has in recent months acquired Spanish brokers Cicor and its subsidiary Global Marine, Tractio and Engloba. The total investment in these operations amounts to 80 million.
Apart from Spain, PIB's presence in Europe currently extends to Germany, Poland, Denmark, the Netherlands and Ireland.
