Carlos Vela, chief executive of Spanish group Martinsa Fadesa, is leaving the real estate company to head Cibeles Corporación, a new financial unit of Caja Madrid to be launched this summer, Spanish newspaper Cinco Dias reported on Tuesday. According to the paper, the company plans to send a statement to the stock market regulator regarding the departure of Vela later today. Vela previously worked with Caja Madrid itself and moved to Martinsa Fadesa as recently as last year.
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