María Magdalena 'Maena' González Vallejo, head of structured product division at Bankia, the Spanish bank resulting from the merger of Caja Madrid and six other regional savings banks, has left the bank. A source close to the situation told SRP that Rafael Saiz, a former director at Bankia's capital markets division has taken over González Vallejo's responsibilities until further notice, and that no more changes are expected in the banks' structured products business: "Maena left voluntarily as
