Banco Popular Español SA named Carmen Riveras as its new director of risks, replacing José María Sagardoy, who has left the company, the bank said on Dec. 19.

Riveras will also join the bank's management board.

In addition, the bank named Isabel Moreno to the management board. She is Banco Popular's head of corporate information and analysis.

Banco Popular Español has been going through a restructuring plan as it tries to off-load billions of euros in toxic real estate assets. In July, it changed its CEO, and in December, it named a new chairman.