Manuel Conthe Gutiérrez

Former President of the CNMV (Spanish Securities & Exchange Commission)


English, Spanish

Manuel Conthe was named President of the Spanish National Securities Market Commission in October 2004, occupying this post until April 2007. He was a member of the group of experts in charge of elaborating the Unified Code of Corporate Governance that was published in May 2006. He also presided over the European Insurance Regulators Committee’s Mediation Council and leader of the Insurance Commissions Organisation’s Corporation Governance Council. Secretary of State for Economics Mr. Conthe is a highly reputed figure within the Spanish economic sphere.

Between 2002 and 2004 Mr Conthe was partner and International Business Development director for International Financial Analysts. From 1999 until 2002 he was Vice-President of the Financial Sector in the World Bank. He later went on to act as Special Counsellor for this institution. He was in charge of developing the Financial Sector Assessment Program (FSAP) and was the official representative of the World Bank in the Financial Stability Forum. He also worked for the Interamerican Development Bank.

From 1996 he was Principal Counsellor for Economy and Commerce at the Permanent Spanish Representation at the European Union, a post which he held after his time in office as Spanish Economy Vice-Minister. Mr. Conthe took part in the the European Union Monetary Committee, making contributions towards the instauration of a single currency, such as the Convergence Programmes, Multilateral Supervision or European Monetary System. It was through these that he paved the way for the change from the peseta to the euro, and he was one of the people responsible for preparing the Masstricht Treaty. He was also a member of the European Investment Bank’s Board of Directors.

He presided over the Advisory Councils of two of the top national financial publications, and regularly contributes to several media outlets including “Expansión”, “El País”, “ABC” among others.

In 1978 he joined the team of economists of the Spanish State. Throughout his career he held different posts in the Spanish Ministry of Economy, General Director of the Treasury and Financial Policy amongst others, achieving one of the most significant changes in financial policy and the regulation of financial markets. He was also a member of the board of directors at the Bank of Spain.

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