New economist joins research team at BBVA Compass

HOUSTON, March 27, 2013 /PRNewswire/ -- Economist Shushanik Papanyan has joined the BBVA Compass economic research team, a group recognized by Bloomberg for its accurate forecasting.

(Photo: http://photos.prnewswire.com/prnh/20130327/DA84449)

Before joining the bank, Papanyan taught at the University of North Texas and the University of Texas at Arlington. Most recently, she worked as a consultant for the Globalization and Monetary Policy Institute of the Federal Reserve Bank of Dallas.

"We are pleased to have Shushanik join us and help us enhance our macroeconomics research," said Nathaniel Karp, chief economist for BBVA Compass. "Her knowledge about monetary policy, business cycles and international economics will help us improve our models and forecasts."

Papanyan earned a doctorate in economics from the University of Houston and a master's degree in international studies from the University of Notre Dame. She earned her bachelor's in international economics from Yerevan State University in Armenia and is fluent in Russian and Armenian.

Papanyan is often invited to present her research on U.S. business cycles, as well as global economic fluctuations at various academic conferences in the U.S. and abroad. Her work has been published in the Journal of Forecasting, an industry publication.

Karp's team analyzes the U.S. economy and Federal Reserve monetary policy. For its analyses, the economists create models and forecasts for growth, inflation, monetary policy and industries. The economic research team also follows a variety of issues that affect the Sunbelt states where BBVA Compass operates.

The bank's economic research group includes Kim Fraser, Jason Frederick, Boyd Nash-Stacey, Marcial Nava and Alejandro Vargas. Follow their work on Twitter @BBVAResearchUSA.  

About BBVA Group

BBVA Compass is a subsidiary of BBVA Compass Bancshares Inc., a wholly owned subsidiary of BBVA (NYSE: BBVA) (MAD: BBVA). BBVA is a customer-centric global financial services group founded in 1857. The Group has a solid position in Spain, is the largest financial institution in Mexico, and has leading franchises in South America and the Sunbelt region of the United States. Its diversified business is geared toward high-growth markets and relies on technology as a key sustainable competitive advantage. BBVA ranks among the leading eurozone banks in terms of return on equity and efficiency. Corporate responsibility is at the core of its business model. BBVA fosters financial education and inclusion, and supports scientific research and culture. It operates with the highest integrity, a long-term vision and applies best practices. More information about the BBVA Group can be found at www.bbva.com.

About BBVA Compass

BBVA Compass is a Sunbelt-based financial institution that operates 708 branches, including 367 in Texas, 93 in Alabama, 79 in Arizona, 65 in California, 45 in Florida, 38 in Colorado and 21 in New Mexico. BBVA Compass ranks among the top 20 largest U.S. commercial banks based on deposit market share and ranks among the largest banks in Alabama (2nd), Texas (4th) and Arizona (5th). BBVA Compass has been recognized as one of the leading Small Business Administration lenders and ranked third in American Banker's 2012 reputation study of the leading 30 banks in the U.S. Additional information about BBVA Compass can be found at www.bbvacompass.com.

Editor's Note:
BBVA Compass is a trade name of Compass Bank.

SOURCE BBVA Compass

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