EMILIO NOVELA is a banker who at points during his career at several Spanish banking institutions was also named the CFO of Repsol, the leading Spanish oil company, and the first Vice-Chairman and CEO of Vallehermoso, a leading Spanish real estate and construction company. He is also the Vice Chairman of Banco Banif Private Banking. Emilio Novela currently holds a number of directorships including in Patentes Talgo, the Spanish Private Banking Association, the Spanish Enterprise Association (CEIM), and BlackRock Global Funds. Previously he has held Board positions at several other Spanish financial institutions including Banco de Jerez, Banco Urquijo, Hispamer, Central Hispano Generali, Banesto, Banco Mercantil, Citi Leasing and Saudesbank. Emilio Novela has also served on the Boards of Cortefiel, Larios (Pernod Ricard), Campsa, Spanair, Union Fenosa, Vallehermoso, Testa, YMCA Spain, US-Spain Foundation, Euro America Foundation, Viajes Internacional Expreso, Gesinar (3i) and Cap Gemini Ernst & Young where he served on the Advisory Board.