Luis de Guindos, an economist at IE Business School and director of the PwC and IE Business School Center for the Finance Sector, has been appointed Spain’s new Minister of Finance and Competitiveness.

“IE Business School is very proud that one of our prominent experts has been appointed Finance Minister for Spain’s new government”, says Santiago Íñiguez de Onzoño, Dean of IE Business School.

Luis de Guindos has taught economy on IE’s senior management programs and served as director of the PwC & IE Business School Center for the Finance Sector since February of 2010. The Center, unique in Spain and independent of banks, examines the future challenges facing the Spanish and international finance sector, including new regulations and monitoring mechanisms.

Luis de Guindos has extensive experience in Spanish and international economy in both the public and private sector. His previous positions include Secretary of State for Economy under José María Aznar,  partner of AB Asesores, and president of Lehman Brothers for Spain and Portugal. De Guindos holds a degree in economic and business studies and belongs to Spain’s prestigious Cuerpo de Técnicos Comerciales y Economistas del Estado (National Association for Trade Experts and State Economists).