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The importance of

Basilea III


The importance of

Forensic Accounting


Importance of quality accounting

and financial advice


Desconfíen siempre del Gobierno



Advisory in prevention

of money laundering


Our Team

Rubén Manso Olivar CFO- Founder

He is a bank of Spain inspector (currently on leave of absence),

PhD in economics and business administration, he holds a bachelor in law and graduated in Economic and Business studies by the Complutense University of Madrid.

He is member of the Economist Association of Madrid and member of the Economic Forensic Register, to the official auditing association, also to Spanish Financial Advisors analysts and American Accounting Association.

He started his teaching activity at the Complutense University of Madrid. Subsequently he taught at the European University of Madrid, where he held responsibilities as Director of Investigation Department, deputy to the Rector, and director of the financial economy and accounting department. Currently he teaches at the Alcala University. He teaches at several postgrad institutes such us Spanish Confederation of savings banks, Madrid stock market institute, Deusto University, Commercial Studies Center of the Madrid chamber of commerce, Business School CEU-San Pablo, Military School of intervention of the Minister of Defense and the School of war of the army.

He is a lieutenant of the territorial Spanish army.

In the private Sector, he was Chairman-Managing Director of the Asset Management Group of Banco Zaragozano. He was designated CEO of Eurobank of Mediterraneo (today integrated in Barclays Spain) during the intervention process that the company was subjected to by the Spanish bank. He was a partner at Analistas Financieros Internacionales where he worked as specialist in financial regulation. Since April, 24th, 2015 Ruben is the sole administrator of Banco de Madrid S.A.U representing the sole shareholder Banca Privada d’ Andorra, S.A, inspected by Principado de Andorra financial supervisory authorities.

Rubén Manso is author of various monographs and articles of his specialty, most prominent among which are “Desconfíen Siempre del Gobierno”, “Los contratos de permuta financiera como  instrumentos de  cobertura del  riesgo  de  interés”  y  “Los  malvados derivados financieros”.

He is co-writer of the legal witness expert memento. He has been a columnist and columnist on current economic issues in various publications (Época, Expansión, El Economista, Gaceta de los Negocios, etc.). He is a registered economist and a collegiate lawyer of the Madrid Schools and a member of the Register of Forensic Economists, of Accounting Experts, of the Official of Auditors of Accounts, of the Spanish Institute of Financial Analysts and of the American Accounting Association and of the Institute of Certified Forensic Accountants.

He is fluent in English and Spanish.

Esther B. García García General Manager

She holds a master’s degree in economic analysis and financial economy by Complutense Institute of Economic Analysis (ICAE). She graduated in economic and business administration by the University Complutense of Madrid (UCM).


She is adviser in the Economist Association of Madrid and a member of the European Monetary. She is member of the Technical Board of Economic activities for the review of the General Urban Development Plan of Madrid City Council.


She started her professional activity at RGA insurances in the finance department, and she also worked for Ortega y Gasset foundation. Subsequently, she developed her professional activity in Intermoney (CIMD group),  monitorizing the european economies and markets. Prior to joining the firm, she worked for “Analistas Financieros Internacionales (AFI)” combining her work as training responsible with teaching activities.

She is a speaker at seminars and conferences on economic and financial topics.

She works in English and Spanish

Lorena Gómez FernándezPartner

Graduate in Economics and Business studies at the Universidad de Alcalá (Madrid).

She is a member of the Illustrious Economist association of Madrid and member of the Registry of Forensic Economists in the General Council of Spanish Colleges of Economists.

She has completed her studies with an intense post-graduate training in Spanish Financial Institutions Regulation as well as International Financial Regulation. She is currently writing her doctoral thesis on management accounting in the banking sector.

She works together along with the CEO as the Deputy Director and manages the consultant area of the firm.

She has worked at Mansolivar since its foundation, having dedicated herself to advising in the application of the international accounting regulation, solvency of financial institution regulation and financial markets and prevention of money laundering regulation.

She has participated in counseling to several listed banks and saving banks in the application of accounting regulation and she has contributed on the creation and updating of the accounting information systems in several leading financial institutions to adapt it to the international accounting regulation.

She has been participating for several years in the general auditing of the first Spanish bank.

She currently instructs,  at “Escuela de Finanzas aplicadas (AFI)” (Grupo Analistas Financieros Internacionales), among other institutions. She also teaches at “Centro Internacional de Formación Financiera  de  la  Universidad  de  Alcalá  y  el  Banco  de Santander (Fundación Banco Santander Universidad de Alcalá)” as an associate professor and regular collaborator.

She is fluent in English and Spanish.

Santiago Téllez Izquierdo Director - Catalonian Territory

Holds a Bachelor Degree in economics and Business Administration and post graduated Master in Financial Management by INESFI. He has been well trained as a financial international analyst specialized in international accounting regulation.

He started his professional activity in administration, working Working of an international bank and since has been responsible for the supervision of bank groups, quoted and not quoted, also for underwriting groups (Bank of Rome, FIATC, Credit Agricole-Banque Indosuez, SebrokerBolsa, AV and EurobankdelMediterráneo).

He has led and supervised accounting closings and the preparation of the corresponding financial statements, fulfillment of the external and internal regulations, maintenance of the operating procedures, coordinating internal audits, liaise between public organization (CNNV, Bank the of Spain, State Insurance Office), Central and Autonomous Administration and external audits, as well as the implementation of the new internal and external regulations, specially those stemmed from the Supervisor, Internal Revenue and Labor Authorities.


In Eurobank he was the second executive director of the entity during the official inspection carried out by Bank of Spain where he was General Manager of the firm where all the creditor’s liabilities were complied. This was the only case in the Spanish history where Bank liquidation wound up in surplus.


He is fluent in French, Italian, Catalan and Spanish.


Javier Pelegrí y GirónConsulting and Training General Manager

Master in Financial Economics by ICADE. Masters degree in legal consultancy to businesses from the IE Business School. He graduated in law from ICADE University.

He started his professional career in the treasury area of the Banco de Fomento as a money market operator. Subsequently he worked 12 years as manager and senior manager of the training departments of PricewaterhousCoopers and KPMG Consulting, being responsible for the Financial Area.

For ten years, he was Director of the enterprise department of Centro Internacional de Formación Financiera (CIFF). This foundation was created in 2001 by Alcala University and Banco Santander. Its specialization is economic and financial training.

Javier has managed In-Company and Executive training of several Financial Institutions and relevant organizations within the energy and infrastructure sectors.

He is fluent in English and Spanish.

Víctor Cervera-Mercadillo TapiaLegal Counsel

Doctor in Commercial and Corporate Law from the Universidad Complutense de Madrid (doctoral thesis on the legal regime of Real Estate Investment Funds and Trusts) and Law Degree from the Universidad Autónoma de Madrid. Member of the Bar Association of Madrid, as practising lawyer, since 1993.

He has served as Director of Legal Services and Secretary of the Boards of Directors of various corporate groups operating in the real estate, building, engineering, public services and media sectors (SILVER EAGLE, ALCALÁ 120, HILL INTERNATIONAL SPAIN, GRUPO MALL, GRUPO BEGAR…), residing in Spain, Mexico and Panama. He has extensive experience in legal management of procedural and extra-procedural matters and in the related financial and banking operations. Likewise, he has managed large-scale bankruptcy proceedings, leadering the negotiation of credit restructuring, planning the initiatives of credit recovering and holding the associated procedural steps.

In the context of university teaching, he has served as Professor Doctor of Commercial and Corporate Law in the Instituto de Estudios Bursátiles (IEB), and Universities Complutense de Madrid (UCM), Europea de Madrid , Nebrija and Centro Universitario María Cristina, teaching the ordinary subjects of the Degree in Law and other subjects in different postgraduate masters. As a Professor of the Doctoral Program “El Derecho de Europa y de América Latina: Análisis Jurídico e Institucional” (“European and Latin American Law: Legal and Institutional Analysis”, organized by the UCM and the Universidad Nacional Autónoma de México, given in México City and addressed to Magistrates of the Tribunal Superior de Justicia del Distrito Federal de México), he has taught the doctorate course on Banking and Financial Markets Regulation in the EU, also holding the direction of two doctoral thesis within the framework of the Program. For his part, as a professor of Wolters Kluwer Training he has taught the Corporate Practice module aimed at the professionals of the KPMG staff. Currently, he is a member of the academic board of the Universidad Francisco de Vitoria.

He is the author of numerous works on Collective Investment Institutions, Corporate Law, real estate assets and credits management, financial markets and electronic trading, articles published in Revista de Derecho Bancario y Bursátil, Gaceta de los Negocios, Actualidad Inmobiliaria, El Economista and various collective works.

He works in Spanish, English and Portuguese.