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The Board of Directors of the Banco de la República elected Leonardo Villar as the new manager of the Issuer in an extraordinary session, who will assume the position next January for a period of four years. He will replace Juan José Echavarría, who decided not to opt for a new term at the Issuer.
Endorsed by his 12 years as co-director of the Issuer between 1997 and 2009, they have a long resume with positions among which stand out the Technical Vice Ministry of Finance between 1994 and 1997 and director of Fedesarrollo between April 2012 and November 2018, among others. which also include international organizations.
Villar Gómez obtained his degrees as Economist Cum Laude and Master in Economics from the Universidad de los Andes. He also studied at the London School of Economics, where he obtained a Master of Science (M.Sc.) in Economics and pursued doctoral studies.
Before occupying the Executive Directorate of Fedesarrollo, he was Chief Economist and Vice President of Development Strategies and Public Policies of the Andean Development Corporation (CAF).
I want to send a very special greeting of congratulations to Leonardo Villar, former director of @Fedevelopment, who today was elected as General Manager of the @BankRepublica starting next year. Leonardo is an extraordinary macroeconomist with an outstanding career. Successes!
– Luis Fernando Mejía (@LuisFerMejia) December 10, 2020
In the Colombian public sector, he was a member of the Board of Directors of the Banco de la República de Colombia for twelve years, Technical Vice Minister of the Ministry of Finance and Advisor to the Board of Directors of Foreign Trade.
He was directly linked to the Colombian financial system as a member of the boards of directors of various public and private institutions: Vice President of the Foreign Trade Bank (Bancoldex) and Technical Vice President of the Colombian Banking Association.
He has been a professor at several Colombian universities and has multiple publications in the areas of macroeconomics, foreign trade, and monetary, exchange and financial policy.
After this election, the Board of Directors of Banco de la República thanked Dr. Juan José Echavarría for his management during these four years, during which time the Bank made progress in modernization and efficiency processes, and maintained the international and local reputation of the entity.
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