José is a member of Oxera’s Financial Services team and is based in Madrid. He leads its work in supporting clients in financial services, regulation and government to navigate complex markets across Spain, Portugal, Latin America and elsewhere across the globe. He is a financial economist and banking specialist with over 15 years of experience spanning bank analysis, financial regulation, and macroeconomic policy. He has held senior roles at Goldman Sachs, the International Monetary Fund, Oliver Wyman, and the World Bank Group, as well as in government as Chief Economist of ICO, Spain’s national development bank. His career bridges the private, public, and multilateral sectors, providing a distinctive perspective on bank analysis, financial regulation, and macroeconomic policy. He holds a PhD in Finance from the University of Exeter and was a Miguel Dols Visiting Fellow at the London School of Economics and Political Science (LSE) in 2024–25. He is dual-trained as an economist and lawyer, and has been a non-practising member of the Madrid Bar since 2007.

José’s advisory work spans European and Latin American banks, with a focus on capital allocation, risk management, and shareholder value creation. At the IMF, he served as a Financial Sector Expert in the Global Markets Analysis Division, contributing to the Global Financial Stability Report and leading research on macroprudential policy and bank capital buffer usability. At the World Bank Group’s International Finance Corporation (IFC), he has served as lead author of four consecutive editions of the IFC-Amundi ‘Emerging Market Sustainable Bonds Report’ and co-led a bank-level capital and liquidity forecasting and stress-testing model covering 30+ emerging markets. He currently serves as an Independent Non-Executive Director and Audit Committee member at REDEIA (RED.MC), Spain’s power-transport grid operator holding company.

José’s most recent research has focused on the usability of bank capital buffers, for which he has been recognised with Spain’s two most prestigious research awards in banking and finance: the Federico Prades Prize (2022), awarded by the Spanish Banking Association, and the Antonio Dionis Soler Prize (2025), awarded by the Spanish Society of Financial Analysts. He teaches ‘International Macroeconomics’ at ICADE (Universidad Pontificia Comillas) and is a Research Fellow at the Interdisciplinary Research Group on Socioeconomic Transformations (INTEREST).