ECBC chairman Madsen to become CBMC president

Carsten Tirsbæk Madsen will in the new year take over as president of the Covered Bond & Mortgage Council, the umbrella organisation for the European Mortgage Federation and European Covered Bond Council.

Madsen, who is already European Covered Bond Council (ECBC) chairman, will take over the Covered Bond & Mortgage Council (CBMC) role from Antonio José González Bajar, real estate chief executive officer of Banco Bilbao Vizcaya Argentaria (BBVA), whose term as president of the CBMC ends at the same time as his term as chairman of the European Mortgage Federation (EMF), on 31 December.

Bruno Deletré, director general of Crédit Foncier de France, will take over as chairman of the EMF for the 2015-2016 mandate.

Madsen is chief executive officer of BRFkredit and is a member of the board of the Association of Danish Mortgage Banks (Realkreditrådet) and the Nordic Assembly of Mortgage Banks, and of the advisory board of the Copenhagen Stock Exchange. He is also chairman of the Covered Bond Label Foundation.