BBVA received two awards from the specialist publication, ‘International Tax Review’ this Thursday in London. First, José María Vallejo was recognized as the best in-house tax director in Europe in 2018; and second, the BBVA tax team was acknowledged for its contribution to one of the most notable corporate deals of the year: the transfer of the bank's property business in Spain to Cerberus.
‘International Tax Review,’ the leading publication on tax matters honored BBVA’s Global Head of Tax, José María Vallejo as the best in house tax director in 2018 in Europe during the fifteenth anniversary of the awards in a ceremony held in London on May 16.
José María Vallejo prevailed over the other six finalists thanks to his innovative contribution to the tax practice. “At BBVA, we believe that innovation can also be applied to the way companies organize their tax function, and this has become our daily objective. This award represents the efforts of the whole team,” BBVA's Global Head of Tax said.
BBVA’s Global Head of Tax, José María Vallejo, during the presentation of the awards in London. - International Tax Review
The BBVA tax team also received recognition for its work related to one of the most important corporate deals of the year in Europe. Specifically, the transfer of the bank’s property business in Spain to Cerberus, which was announced in November 2017 and closed in Q4 of 2018.
The ‘International Tax Review’ awards recognize the work of tax teams from different companies across Europe, based on three criteria: value and size of the deal, complexity, and global innovation.