Haya Real Estate appoints Carlos Abad as Chairman and Enrique Dancausa as Chief Executive Officer
- The appointments will be effective since next, January 7th
- Both moves respond to the succession plan defined several months ago to ensure continuity and leadership of the company
Madrid, December 20th, 2019. Haya Real Estate (“Haya”), the Spanish market leader in debt management and real estate assets, announced today the appointment of Carlos Abad as Chairman of the company. Enrique Dancausa has been appointed Chief Executive Officer.
These moves will be effective on January 7th , and both respond to the succession plan defined several months ago to ensure continuity and leadership of the company. Juan Hoyos, who has been Chairman for the last six years, since its creation, will provide external consulting services to Cerberus since passing the baton as Chairman of Haya.
Carlos Abad, who has been CEO of Haya Real Estate since 2015, has an extensive track record in management positions. Now, he will hand over this responsibility to Enrique Dancausa, Haya's current Managing Director for Business and Operations, who has an important track record in the financial and real estate sector.
Haya Real Estate’s team and its shareholder are deeply grateful for the work carried out by Juan Hoyos over all these years. Over the last years, the group has achieved a leading position among the largest servicers in the country. The company currently manages circa 45.3 billion euros in assets. Among the most recent milestones are the renewal of the contract with Sareb, which allowed the company to manage 8.4 billion euros in debt and REO assets, as well as the integration of Divarian into the servicer’s structure.
Carlos Abad was CEO of Arthur D. Little in Spain, CEO of Sogecable and Partner at McKinsey & Company. He holds a degree in Business Administration at Universidad Complutense de Madrid and an MBA at Columbia University.
Enrique Dancausa has extensive experience both in the financial and in the credit and real estate assets management sector. He holds a degree in Law and since last June has been the Managing Director of Business and Operations at Haya Real Estate. Additionally, Dancausa has been CEO in Divarian. He began his career at Grupo Santander, where he held management positions at Banesto in the areas of collections and real estate owned assets. He was founder and CEO of Aktua, and after its sale to the Lindorff Group, he was appointed Global Head of the Group's real estate services.
About Haya Real Estate
Haya is the leading company in the management of Non-Performing Loans and Real Estate Owned assets (NPLs and REOs, respectively) in Spain. The company manages assets as well as financial and real estate vehicles for a wide variety of clients, from financial institutions to international investors. In total, Haya is responsible for €31.8 billion of AuMs (Assets under Management).
Haya offers products and services covering the entire value chain of NPLs and REOs. Its NPL services focus on the management of corporate or individuals’ debt, with a high degree of specialization in the valuation, management and recovery of loans and the conversion of non-performing loans into real estate owned assets. Real estate services are delivered to a portfolio of ~189,000 assets under management, and they range from asset boarding, property management, maintenance and valuation to its commercialization. Haya's services are fully integrated into the lifecycle of each NPL / REO, and also involve portfolio advisory, underwriting capabilities, land management, completion of works in progress and securitization.
Haya’s main clients include financial institutions such as BBVA, Caixabank (former Bankia), Cajamar, Liberbank, Sareb and international investment funds such as Cerberus Capital Management. The company employs ~863 professionals, featuring an extensive sales network that covers the entire Spanish geography. Haya has invested ~€63 million euros in cutting-edge technology, data analysis and IT tools focused in process efficiency and performance delivery.
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