Irene Garrido new ICO Chairwoman

Irene Garrido new ICO Chairwoman

She is the first woman to head ICO since it was created in 1971


Irene Garrido today joined Instituto de Crédito Oficial (ICO) as Chairwoman after the Government approved her appointment in the Council of Ministers on 29 August.

Garrido is the first woman to head ICO since it was created in 1971 and replaces Román Escolano who has been appointed Vice-President of the European Investment Bank (EIB).

Born in 1960 and married with two children, Ms. Garrido holds a PhD in Economics and Business Studies from the University of Santiago de Compostela.

Her career has been closely linked to the world of academia, in particular the University of Vigo, where she has held various managerial positions.  She has directed various Masters and university courses, including a Master in Business Administration and Management. Ms. Garrido has also actively participated in research programmes concerning markets and financial instruments as well as various R&D projects. She has also published scientific and technical books and articles in both Spain and the United States.

Between 2006 and 2011 she was director of the Financial Economics and Accountancy Department at the University of Vigo, as well as coordinator of the education and research centre at the Menéndez Pelayo International University (UIMP).

Between November 2011 and her appointment, she was Member of Parliament for the province of Pontevedra and deputy spokesperson for the Committee of Economy and Competitiveness in the Spanish Congress of Deputies. Ms. Garrido has also sat on the Budget Committee, the Health and Social Services Committee for Integrated Policies for the Disabled, and the Sub-Committee for Banking Restructuring and Financial Reorganisation. She has also given talks on various economic and financial laws, including the Law on the Regulation, Supervision and Solvency of Credit Entities.