I. Experience. Successful U.S. & international track record in: 

· Economic development, tax policy, fiscal administration: Ministry of Finance, Internal Revenue Service, World Bank, USAID, Inter American Development Bank. 

· Private equity, investment/merchant banking, financial analysis: Citicorp, Stratex-USA Capital, Banco Popular, WestSphere llc, Banco del Pacifico, Exxon.

· Economic/Financial counseling: Caterpillar, Sears Roebuck, BASF Chemical, GE, the World Bank, IDB, Coopers & Lybrand, USAID projects, Fedesarrollo, the Central Bank of Colombia.

· University lecturer: professor of Economics & Business, and Finance at several universities.

· Distinguished performance in financial cabinet-level positions in South America: Minister of Finance & Vice Minister of Finance.

II. Geographical experience: North America, Latin America/Caribbean, Africa.

III. Academic Background. 

· Master of Arts in Economics. The American University, Washington D.C. (under Fulbright Grant). 

· Law degree (JD), Pontificia Javeriana University, Bogota, Colombia.

· Doctor en Ciencia Economica (Economics) Pontificia Javeriana University, Bogota, Colombia.

· Foreign Study Institute Diploma: Yale University, New Haven, CT (under Fulbright Grant). 

IV. Languages: English, Spanish, French. Portuguese: conversational.

V. Dual Nationality: USA & Colombia.



2002 to March 2017:. Director of New York based Stratex-USA Capital Advisors, a consulting company, providing advisory services in the areas of merchant and investment banking, private equity, mergers & acquisitions, LBOs and economic development. Stratex assists its clients in structuring and implementing successful investment, financial and managerial plans and strategies. As director of Stratex, I coordinated the following services:

  • Analysis of investment opportunities,      financial analysis & modeling. 
  • Assistance in due diligence process to      prospective investors.
  • Design of effective business plans in      order to promote financing or investment in target-company.
  • Portfolio-company counseling and      supervision in order to insure strategic planning, value-creating      performance, and successful exit.
  • Advising      companies to structure and implement strategies that expand their growth      and profits through improved competitiveness, productivity, quality, and      financial/marketing strategies.
  • Advise to governments and multinational      institutions, in private sector development issues, such as business      creation, structuring a regulatory environment conducive to the efficient      operation of the private sector, tax and other issues related to improving      businesses’ competitiveness.

2010-2014: Adjunct Professor of Money and Banking. Stillman School of Business, Seton Hall University, NJ.

2010 to 2014: Adjunct Professor of Economics. Economics Department. Kean University, NJ.


2004. Member of USA presidential candidate, John Kerry’s Western Hemisphere Policy Team. The Team was in charge of advising and preparing policy documents related to the approach the presidential candidate, Senator Kerry, should have regarding economic, social, and political issues affecting the US in its relations with the other nations in the Western Hemisphere.

2001-2002. Member of the preliminary high-level roundtables initiated in July 2001 in New York by the United Nation’s Business Council, that delineated the UN Monterrey agenda for the Private Sector on “Financing for Development” and culminated with the 2002 UN Summit in Monterrey, Mexico, attended by heads of state of sixty countries, The Summit set new international goals for fostering economic and social development.

2001-1995 & 1992-1989: Senior Executive Vice President of WestSphere LLC, a New York-based private equity investment firm focused on taking equity stakes in privately held, middle-market, manufacturing, distribution, and service companies in the United States and Latin America. 

Responsible for sourcing, structuring, and executing private equity investments, mergers & acquisitions, and LBOs deals as well as portfolio company post-investment management and divestiture. Activities in the job included, the functions of deal leader-maker and strategic planning, due diligence procedures, management of the analysts, handling and overseeing financial modeling,. Effectively restructured and assisted distressed or under performing companies. Maintained valuable high level contacts with financial and business communities in the U.S. and Latin America.

The experience covered middle-market investments in both the U.S. and Latin America, in a wide spectrum of economic sectors and industries that include: communications, retail, wholesale distribution, banking, manufacturing industry, real estate development, agribusiness, security monitoring systems, and food services.  Also, actively participated on the Board of Directors of several of the Fund’s portfolio companies as well as in the boards of several other companies.

1983-1989. PROEXPORT (Colombia’s import-export bank): Santo Domingo, Dominican Republican, and San Juan, Puerto Rico. DIRECTOR CARIBBEAN REGION, with diplomatic status. Activity: International investment and trade promotion while maintaining a close relationship with the business community and governments of the majority of the Caribbean Island nations. Conducted market and competitors evaluation and research. Designed and implemented marketing, sales, and financial export development strategies that increased by 500% the sales of Colombian firms to the Caribbean area.

FINANCIAL/ECONOMIC STRATEGIC ADVISOR, on retainer or consulting fee basis: Coopers & Lybrand, the World Bank, the President of the Inter-American Development Bank, and others. My consulting experience is detailed in section IV, below.

CITICORP/CITIBANK: Mexico City-Bogota. MANAGER CONGENERICS. Activity: Merchant & corporate banking, financial analysis for big-ticket credit. The job included intensive exposure to financial analysis, financial modeling and business strategies. Brought large corporate clients to the Bank, increased the leasing portfolio. Led due diligence process for acquisition of insurance company.

ESSO CHEMICAL (EXXON): Bogota-Coral Gables. ASSISTANT TO THE CONTROLLER, Andean Area. Activity: Instrumental in the preparation of the general ledger, financial reporting, business planning, costing, budget analysis and forecasting. Insured timely and accurate monthly financial closing process and head-office monthly and quarterly financial reporting. Effectively coordinated multiple departments (including operations, front office, product control, management reporting, tax, and legal) in resolving various financial and accounting issues. Evaluated special projects.

JUDICIAL EXPERIENCE: Ministry of Labor, Bogota Colombia: Judge for Mediation and Conciliation of labor disputes. Instrumental in the successful solution of two union strikes that had paralyzed the country. Also, as Partner in the law offices of Bohorquez & Associates, did legal and consulting work, on a retainer’s fee basis, for  General Electric, Caterpillar, Sears Roebuck, BASF Chemical, and Prodeco.


Positions held at the Ministry of Finance and Public Credit of Colombia: 







Through those, high level government positions, actively participated in the design and implementation of resource mobilization and macroeconomic policies, such as trade, financial, social, tax, and fiscal reforms, instrumental for the successful economic development of Colombia within manageable external debt levels in a framework that prioritized much needed basic nutrition, health, and education to overcome the vicious circle or poverty affecting a large segment of the population.


Consulted to the World Bank, USAID, the Inter-American Development Bank, the National Planning Bureau, the Central Bank of Colombia, Coopers & Lybrand, and several other institutions and private corporations in the areas of: private sector development, institutional support, export development, credit to small and medium enterprises, financial analysis & forecast, macroeconomic policy, fiscal policy, tax reform, tax administration, regulatory environment, state modernization, anticorruption practices, and decentralization. Also, member of the Panel of Experts of the International Monetary Fund. Several of my consulting activities were undertaken, under “leave of absence”, while engaged with WestSphere LLC.


1. Program for the Modernization of the Public Sector, El  Salvador, Central America. Coopers & Lybrand team, World Bank financed project (TAL). Team leader. January/94-June/94. The program goals were consolidation of the market economy and administrative excellence through five strategic areas: privatization, decentralization, institution building & administrative simplification, human resources management & civil service reform, and integrated financial management (budget, treasury, national accounting). The program included studies of the ministries of finance, agriculture, public works, health, education, and economy. The program also coordinated and incorporated work done on the field by UNDP and USAID with special emphasis in decentralization and municipal strengthening.

2. Program for the Modernization of the Public Sector, Nicaragua, Central America. Coopers & Lybrand team, World Bank financed project (TAL). Consultant. September 1994.  The program goals were the same described above for the Salvador Program.

3. Sierra Leone's Mining Sector Review. Consultant for the economic, financial, tax, and regulatory issues. October-November/92. The study included a revision of the newly proposed Mining Code and evaluation of: bauxite and rutile mining operations, diamond mining and trading, including the government’s company.

4. Advisor on the design of the Training Strategy of the Economic Development Institute for Latin America and the Caribbean. January-February/92 and June-July/92. In order to determine policies and priorities, the study analyzed the macroeconomic context as well as political and social conditions in the area. The study took into account newly introduced liberalizing reforms and the new role of the state as facilitator of private sector-led growth in a market economy. Also focused on the initial negative impact of the reforms on lower income groups as well as the necessary coordination of the plan with project related and self-standing technical assistance of the Bank. The implementation of the proposed strategy insured the concentration of the World Bank training resources on the pursuit of sustained economic development within parameters of equity and environmental enhancement.


1. USAID-ARD. Deputy Chief of Party for a USA Government sponsored economic development program in Colombia. Participated in the design and structuring of the $160 million alternative development MIDAS program. Coordinated the day-to-day operation of the four components of the Program. The Program was focused in developing small and medium-sized businesses in three sub-sectors in Colombia: general business, agribusiness, and forestry as well as regulatory & policy reform. The program was structured in order to provide technical and financial assistance for the creation and development of sustainable businesses with emphasis in labor-intensive activities that would open new lawful income-generating opportunities to the Colombian population with the goal of creating over 10,000 new businesses in a five-year period. January-May 2006.

2. USAID-Nathan Associates. Team leader. Evaluation of Ecuador's Fiscal Administration Development Project. June 1993.

3. USAID-Nathan Associates. Economist for project design. "Trade Practices and Productivity Improvement Project". Dominican Republic. April-May, 1993.

4. USAID-IMCC. Evaluation of USAID's Fiscal Administration Project undertaken by KPMG Peat Marwick-Georgia State University in Guatemala. November/December, 1991. The evaluation examined progress to date, the continued appropriateness and priority of the originally envisioned outputs and made recommendations for future activities. The evaluation also assessed the commitment of the new administration to the objectives of the project. The project's main goal was to provide the foundation for a future comprehensive fiscal reform.

5. USAID-DAI. Chief of party. Ecuador’s Trade and Investment Project Design. A project to promote exports and investments in Ecuador. April-June/91. The study analyzed the macroeconomic framework of Ecuador, and specific policy constraints to exports and investments such as: taxes, finance and export restrictions; labor laws and regulations; commercial regulations; discriminatory regulations against foreign investment. The recommendations included the encouragement and creation of private organizations to promote exports and investments. Also, creation of instruments conducive to macroeconomic policy dialogue.


1. Member of the High-level Roundtables for the Monterrey Summit on Financing for Development. September 2001-March 2002. The Roundtables coordinated by the Business Council of the United Nations, defined the agenda for the private sector at the UN Summit on Financing for Development that took place in Monterrey, Mexico in March 2002, with the attendance of sixty heads of state. Prepared document for the Roundtables with policies and strategies for development based in the removal of deterrents/constraints and creation of environment conducive to investment & private sector growth that accompanied by strong social safety nets would result in increased economic growth and attendant reduction of poverty levels in emerging nations.

2. Development Fund for Women (UNIFEM). Study of Credit for Small and Micro Entrepreneurs in High Inflationary Environments. Analysis and recommendations for Mexico and Peru. Oct./91.

INTER AMERICAN DEVELOPMENT BANK. Advisor to the presidency of the Bank on the Private Sector Development Plan for Latin America and the Caribbean, a part of the Enterprise for the Americas Initiative based on the “Washington Consensus”. This consultancy involved analysis of current regulations and legal systems that affected negatively private sector investment/operation in Colombia, country that along with Chile and Jamaica were used as model cases for the overall recommendations focused on facilitating the investment environment in Latin America. Within this scope the study analyzed bureaucratic steps and costs to register companies, labor regulations with emphasis in hiring and firing practices, commercial codes, credit practices and regulations, tax, trade policies, foreign investment regulations, the securities markets, patent rights, and scores of issues affecting entrepreneurs ability to start and operate business. In order to structure recommendations that would lead to effective and practical solutions, the study undertook high-level discussions with developing country officials, chambers of commerce and trade associations, and local/international private sector leaders. November 1990-March 1991.


Team leader. Appraisal/project preparation with regard to extended Swedish and Norwegian support to FOPEX, an export promotion fund in Nicaragua. September 1995.

Central Bank of Colombia: TAXATION AND ECONOMICS. Contract with the Central Bank of Colombia to design and draft the tax and economic proposals, which were enacted into law in Colombia in 1974 and 1975. The Income and Sales Tax Laws enacted were considered the most important tax reforms made until that time in Colombia. Most notably among the favorable comments, was a review from the World Bank, which, referring to the tax reform, said: "it will stand as a landmark in the recent history of such undertakings, both among developing and developed nations." (Page I-1, Report No.696-CO, Volume III: Colombian Tax Reform of 1974. International Bank for Reconstruction & Development, Washington, D.C.).

Central Bank of Colombia-FEDESARROLLO: OIL INDUSTRY SURVEY AND TAX POLICY RECOMMENDATIONS. Member of the Fedesarrollo team that undertook the project under contract with the Colombian Central Bank. Fedesarrollo is a well-known and prestigious Colombian think-tank. The survey evaluated and advised on Colombian oil policies. I was in charge of the tax aspects of the survey, which included tax policy as well as auditing the oil companies' income tax returns. The recommendations of the study were adopted in the new oil legislation implemented in Colombia in 1975 and brought back exploration incentives that turned Colombia into a net oil exporter. The group included Professor Morris Adelman from M.I.T. 1972.

National Planning Bureau: REFORM OF THE NATIONAL BUDGET. Advised the National Central Planning Bureau on the design of a new, general structure for the Colombian Budget. The proposal was adopted as Colombia's Budget Law in 1973.

•  Musgrave Report: TAX SURVEY & REFORM PROPOSAL. Staff member of the Richard A. Musgrave Report on Taxation in Colombia. Under contract with the Colombian Government, the study analyzed and proposed radical reforms to direct and indirect tax structures. Also made proposals regarding budget allocations and inter-governmental finances. The Report has been one of the most comprehensive and important fiscal studies undertaken in the country. Its recommendations played an important role in the reforms introduced in the Colombian tax system during the following decade. Professor Musgrave from Harvard University directed the study. 1969.


Board member: National Defense Council, Monetary Board Committee (Federal Reserve Board, determining monetary policy), the Industrial Development Corporation (IFI), Corporacion Central de Ahorro y Vivienda (a Savings and Loans Corporation), Coffee Growers Federation of Colombia (the second largest coffee exporter in the world), Board of Trustees of National University, Banco del Pacifico (Ecuador), Tramaca (Chile).Chairman of Banco Popular, Chairman of Trade and Tariffs Council (Board determining tariff levels for Colombia). Member of USA presidential candidate, John Kerry’s Western Hemisphere Policy Team, Washington DC.

Note: Unless indicated otherwise, the board’s location is Bogota, Colombi

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