Manolo Sanchez, the new president and chief executive of Banco Bilbao Vizcaya Argentaria SA's U.S. unit, BBVA Compass, says he will look to accelerate technology development at the Birmingham, Ala., banking company, while expanding its reach into new business lines such as syndicated lending.

In an interview Monday after Madrid-based BBVA announced his appointment, Mr. Sanchez said that BBVA Compass sees opportunities as others retreat and plans to expand into syndicated lending, trade finance, and infrastructure finance in the next month, while working on technology initiatives such as mobile banking.

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