The team

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José María Zalbidegoitia

Chairman
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Idoia Bengoa

General Manager
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Jon Arosa

Investment Director
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Marc Baiget

Investment Director
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Esteban Fradua

Investment Manager
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Itziar Unibaso

Investment Manager
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Victor Tomé

Investment Manager
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Aurkene Ziluaga

Investment Analyst
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Irene Gutiérrez

Investment Analyst
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Laura Salcedo

Financial Director

José María Zalbidegoitia

Chairman

He joined Talde in 1999.

Currently, he is the Chairman of the board of directors in Talde Gestión and a board member at Rotecna.

His early professional life was in the world of export credit insurance, international contracts and accounts auditing, in which he held the positions of Director of Trade Policy and Trade Deputy Minister of the Basque Government during the period between 1979 and 1983, on the boards of public companies.

In 1984 he rejoined CESCE, an export credit insurance company, as Regional Director of the Northern Region, sitting on various boards of financial and industrial entities.

He has a degree in Economics and Business Administration from the University of the Basque Country and a Master in the Upper Management Program from IESE.

Idoia Bengoa

General Manager

She joined Talde in 2008.

Currently, she is a board member of Talde Gestión and Deltalab.

Previously and for more than 14 years, she worked in BBVA's Industrial Group where she was responsible for investments in listed companies, unlisted companies and American Private Equity funds. During this stage she carried out the full cycle of investment operations from analysis, structuring and negotiation, divestment operations in listed and unlisted companies and private equity firms and managed a portfolio whilst a member of the governing bodies of several companies.

She began her career as an auditor at Arthur Andersen, where she worked for five years.

Idoia Bengoa has a degree in Economics and Business Administration from the University of Deusto, has completed the Executive Development Programme for BBVA at IESE and she has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Jon Arosa

Investment Director

He joined Talde in 2003.

Currently, he is a board member in Residencias Nostem.

Previously he worked for five years in the EBN group in Madrid (a financial group comprising five savings banks), as an analyst in the Corporate Finance Department and as a fund manager in the area of Private Equity.

He has a degree in Economic Law from the University of Deusto, an MBA from the Carlos III University of Madrid, a Postgraduate Diploma in International Business from the Chamber of Commerce of Guipúzcoa and he has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Marc Baiget

Investment Director

He joined Talde in 2010.

Currently, he is a board member in Rotecna and Ñaming.

His early career was at KPMG Corporate Finance in Barcelona and Madrid, where he accumulated over 10 years of experience in advising on national and cross-border M&A processes, development of business plans, investment analysis, business valuation and assisting in debt restructuring processes.

He began his career at Ernst & Young, where he spent two years in the Auditing Department.

He has a degree in Economics and Business Administration from the University of Deusto. Additionally, he has completed several international courses on company valuation and assistance in merger and acquisition processes. He also obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores

Esteban Fradua

Investment Manager

He joined Talde in 2010.

Currently, he is a board member in Deltalab.

Prior to joining Talde, and for a period of three years, he was an Investment Executive at Corpfin Capital where he participated in several corporate acquisitions, management of portfolio companies and investor relations co-ordination.

He previously worked as an associate in the Corporate Finance division of KPMG where he performed valuations of companies in several mergers and acquisitions.

He began his career as an analyst in the corporate development department of Gamesa.

He has a degree in Economics and Business Administration from the University of Deusto and an MBA from the same university. Additionally, he has completed the Higher Program in Structured Finance and Private Equity at the IE Business School and he has received the Certificate in Corporate Governance from the Instituto de Consejeros-Administradores.

Itziar Unibaso

Investment Manager

She joined Talde in 2006.

She joined the Strategic Consulting and Business division of PWC as Senior Consultant, performing functions such as the development of strategic and business plans, cost analysis, management audits and organizational diagnosis.

She began her career with Deloitte & Touche and became Team Leader in the Financial Advisory Division (S2G). During this period, she carried out accounting, tax processing, inventory tracking processes and preparation of monthly financial reports.

She has a degree in Economics and Business Administration from the University of the Basque Country and she has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Victor Tomé

Investment Manager

He joined Talde in 2007.

Currently, he is a board member in Ñaming

Previously he worked for 9 years in several investment fund management companies as Director and Deputy Director, as well as sitting on the Board of Directors.

He has a degree in Economics and Business Administration from the University of the Basque Country He also holds a master's degree in Finance from the same university and the Certified International Investment Analyst qualification awarded by ACIIA and he has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Aurkene Ziluaga

Investment Analyst

She joined Talde in 2005.

She previously worked in the Investment Funds Department of Banco Banif.

She has a degree in Economic and Business Administration from the University of the Basque Country, a master´s degree in the Stock Exchange from the Institute of Options & Futures, besides having qualifications from the EFPA (European Financial Planning Association) and she has obtained the Certificate in Corporate Governance from the Instituto de Consejeros- Administradores.

Irene Gutiérrez

Investment Analyst

She joined Talde in 2010.

Previously, she worked as an analyst at Najeti Capital where she analysed investments and monitored the investee portfolio, developing financial reporting and analysing their economic and financial situations.

She began her career in the Financial Services area at Accenture where she participated in several design and implementation projects.

She has an Engineering degree in Industrial Organization from Comillas Pontifical University and a MBA from the same university. Additionally, she completed the Higher Program in Structured Finance and Private Equity at the IE Business School and received the Certificate in Corporate Governance from the the Instituto de Consejeros- Administradores.

Laura Salcedo

Financial Director

She joined Talde in 2010.

Since then, she has developed her career in Talde. Initially, and for a period of four years, she was in the Investment analysis area, involved in preparing investment proposals, business valuation and control and monitoring of portfolio companies. Subsequently, and for four years, she has been in the financial department where she is responsible for Reporting and assisting in the coordination of tax and legal issues until assuming the position of Financial Director.

She has a degree in Economic and Business Administration from the University of the Basque Country.