Banco Latinoamericano de Comercio Exterior, S.A Announces Board and Executive Changes, Effective July 31, 2012
May 03, 2012 at 02:00 am IST
Share
The Board of Directors of Banco Latinoamericano de Comercio Exterior, S. A announced that Mr. Jaime Rivera submitted his resignation and will step down as Chief Executive Officer effective July 31, 2012. He will be succeeded by Mr. Rubens V. Amaral Jr., currently the Bank's Chief Commercial Officer and Alternate to the CEO. Mr. Rivera will also resign his position as a Director of the Bank and join its Advisory Board. Prior to joining Bladex in 2004, Mr. Amaral worked at Banco do Brasil for more than 28 years, developing a focus on and experience in international finance. Rubens held different positions and responsibilities within Banco do Brasil since his start there in 1975. Mr. Amaral's last position with Banco do Brasil was at the New York Branch, where he served as General Manager, as well as Managing Director for North America.
Banco Latinoamericano de Comercio Exterior, S.A. (the Bank) is a specialized multinational bank. The Bank is established to support the financing of trade and economic integration in Latin America and the Caribbean. The Company operates in two segments: Commercial and Treasury. The Bank's Commercial segment incorporates all of the Bank's financial intermediation and fees generated by the commercial portfolio activities, such as origination of bilateral and syndicated credits, short- and medium-term loans, acceptances and contingent credits. The Bank's Treasury segment incorporates deposits in banks and all of the Bank's trading assets, securities available-for-sale and held-to-maturity, and the balance of the investment funds. The Bank serves a range of sectors, including oil and gas, agribusiness, food processing and manufacturing. Its products and services are categorized into three main areas: Financial Intermediation Business, Structuring and Syndications Business and Treasury.
BANCO LATINOAMERICANO DE COMERCIO EXTERIOR, S. A. 
