Daniel de Fernando, formerly head of Banco Bilbao Vizcaya Argentaria's private bank, resigned yesterday over a disagreement with the restructuring of the division, according to Spanish website El Confidencial. It said he has not had an offer from another bank, but plans to go solo. Mr de Fernando was a director and head of BBVA Patrimonios - the private banking and asset management arm of BBVA. But in December, chairman and chief executive Francisco González announced a general reorganisation which took asset management out of his hands. At the same time the head of global markets, Jose Barreiro, took his number two, Eduardo Fuentes, who left as a director of BBVA Patrimonios to become head of pensions and insurance in the US. He was replaced by José Pedro Garcerán, until then commercial director of Patrimonios. BBVA, which yesterday had a management board committee to deal with this and other matters, declined to comment on the departure and has not yet named a replacement. His departure is the latest in a series of senior moves in the Spanish sector this year. Juan Aguirre and Cipriano Rodríguez Arias, the heads of Morgan Stanley's Spanish private banking unit in Madrid, left following the acquisition by La Caixa. Elsewhere, Deutsche Bank has apopinted Juan González Cantero and Ignacio Guzmán, and Banco Urquijo has hired Valentín Arroyo, formerly of Santander.