Boston loan marketplace firm DebtX has expanded operations in Spain with the opening of a Madrid office and the appointment of Spanish banking executive Antonio Anglada.

Anglada, who has more than 30 years of experience working in Spain’s banking industry, was most recently the chief executive officer of General Electric’s Mortgage Division, which he launched and built. Prior to GE, Anglada worked for Citibank and AVCO Financial Services.

DebtX has been working with financial institutions in Spain for two years, and opened the Madrid office to meet growing demand from Spanish institutions seeking to sell performing and non-performance loans, the company said. In addition to Spain, DebtX has European operations in Germany, the United Kingdom and Italy.