Bladex Announces Departure of Chief Executive Officer N. Gabriel Tolchinsky to Be Replaced by Jorge Salas, Effective March 9, 2020
January 27, 2020 at 05:05 pm EST
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The Board of Directors of Banco Latinoamericano de Comercio Exterior, S.A. announced that, effective March 9, 2020, Mr. N. Gabriel Tolchinsky will step down as Chief Executive Officer. He will be succeeded by Mr. Jorge Salas. As part of an orderly and programmed succession plan, and in coordination with Gabriel, for several months, the Board conducted a thorough internal and external search, which concluded in the engagement of Mr. Jorge Salas as new CEO. Mr. Salas worked as President and CEO of Banesco USA for the last 5 years and previously served as General manager of Banesco Panama.
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. 
