The new Vice Presidency: Services strengthen financial consulting for public and private shareholders

To provide a high quality service of technical and financial consulting for governments and companies in its shareholder countries, the Andean Development Corporation (CAF) has created the Vice Presidency of Investment Banking and Financial Consulting with responsibility for overall development of this segment.

The CAF executive president, Enrique García, said the new department would offer appropriate financing structures and facilitate access by governments and companies to capital markets.

The new vice presidency will identify, promote and generate business opportunities for clients in both the public and private sectors, by developing products such as advisory services for acquisition of companies and productive assets, company mergers, strategic alliances, financial structuring of projects and companies, risk mitigation and others, García added.

Peter Vonk, a Dutch economist, was named vice president of the new business unit. Vonk comes from a long and successful career in international banking, especially the investment banking area.

For the last 12 years, Vonk was representative of Deutsche Bank for Venezuela, Central America and the Caribbean and executive director of Deutsche Securities Venezuela. He was previously a vice president of Chase Manhattan Bank, founder and executive president of Merinvest and vice president of Banco Mercantil for the areas of corporate products, credit services and multinationals.