Wojciech Golecki

Casa de Bolsa BBVA Bancomer SA de CV (BBVA Mexico) is the Mexican securities brokerage subsidiary of Grupo Financiero BBVA Bancomer SA de CV, which is owned by Banco Bilbao Vizcaya Argentaria SA (BME: BBVA) in Spain. Headquartered in Mexico City, BBVA Mexico is responsible for the design and execution of stock market products for various investors.

Bank of Spain (Research Firm) is the investment research division of the government-owned Bank of Spain, locally known as Banco de España (BDE). Headquartered in Madrid, BDE’s research division conducts economic analysis and research of the following fields: the Spanish economy and its environment; domestic economic policy; European monetary policy, the international monetary and financial system and the stability of their financial system.

European Central Bank (Research Firm) (ECB Research) is the research division of European Central Bank, which is ultimately held by the European Union. The firm is headquartered in Frankfurt and was founded in 1998. ECB Research provides investment research to their clients.