Mr. Heras, who has been a member of the Board of Directors since 2015, was elected Chairman in 2019. Mr. Heras is the Founder and Managing Partner of MKH Capital Partners, a private equity firm based in Florida, U.S.A. Since 1999, he has served as Managing Director and as a Board director of Inversiones Bahia, Ltd. in Panama, the largest investment group in Central America and which focuses on the financial, infrastructure, energy, real estate, and communications markets.

Mr. Heras currently serves on the boards of Tigo Panamá, Avelo Airlines, Copa Colombia, Televisora Nacional and Bahía Motors. He is also a member of the Executive Board for Latin America of The Wharton School of the University of Pennsylvania and is Vice President of the Board of the Panama Food Bank Foundation. Mr. Heras obtained extensive knowledge and experience in the banking industry while serving as a member of the Board of Directors and Asset-Liability Committee of Banco Continental de Panamá for more than 5 years. Mr. Heras structured the acquisition of several companies and banking institutions during his career, and in 2007 led negotiations to merge the banking businesses of Banco Continental de Panamá and Banco General, which transformed Banco General into one of the largest banks in Central America. In addition, Mr. Heras has been a member of the Board of Directors of Amnet Telecommunications Holdings, Cable and Wireless (Panama) Inc. and the Panamanian Stock Exchange. Mr. Heras was also Minister of the Treasury of the Republic of Panama and President of the Council on Foreign Trade from 1996 to 1998. He served as Vice Minister of the Treasury from 1994 to 1996.

Mr. Heras holds a Bachelor of Science in Economics from the Wharton School of Business and a Bachelor of Science in Finance from the University of Pennsylvania.

Mr. Salas has served as Chief Executive Officer of Bladex since March 2020. Previously he was Chief Executive Officer, President, and Director at Banesco USA from 2014 to January 2020. Mr. Salas joined Banesco USA from Banesco Panama, where he was President and CEO beginning in 2008.

Before Banesco Panama, he served as Vice President of corporate banking for the Banesco Group and as General Manager of TodoTicket, Banesco’s electronic payment affiliate. Earlier in his career, Mr. Salas was an executive with the Inter-American Investment Corporation, part of the Inter-American Development Bank Group.

Mr. Salas holds a Bachelor of Business Administration degree from the Universidad Metropolitana in Caracas and both a Master of Business Administration and a Master of Public Policy from the University of Chicago.

Mr. Ledezma has served as Executive Vice President, Chief Strategy Officer of Bladex since July 2021.

He joined Bladex from Partners in Performance, where he was a Director and drove the efficiency levels and operational transformations of complex organizations. Prior to Partners in Performance, Mr. Ledezma was Vice President – Commercial Planning at Belcorp in Lima, Peru, from 2012 to 2014. Earlier he was a Partner at McKinsey & Co. for 14 years and a Brand Manager at Heinz from 1994 to 1996.

Mr. Ledezma holds two Master’s Degrees, one in Business Administration and another in Manufacturing Engineering, both from the University of Michigan (USA).