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Home > About GDB > Gallery of Presidents

Gallery of Past Presidents


Héctor Méndez Vázquez (2002-2003)

Héctor Méndez Vázquez began his professional career with Chase Manhattan Bank of Puerto Rico in 1974, serving as international auditor. In 1977 he went on to form part of Banco Central Hispano de Puerto Rico (BCH) as Investment Officer and moved up the corporate ladder to the division's highest position, Senior Vice President and Treasurer. Subsequently, he was appointed Executive Vice President of BCH, overseeing several departments. He was also a member of its Board of Directors.

Méndez Vázquez established and built up Banco Central Hispano Internacional and was the Bank's President for three years, in addition to being a member of the Board of Directors.

He received a bachelor's degree in Business Administration with a major in Accounting and Management from the University of Puerto Rico, as well as a master's degree in Finance and International Commerce from the Inter American University of Puerto Rico.

Méndez Vázquez was a Certified Trading Advisor (CTA), under the Commodity Futures Trading Commission, and a Certified Financial Advisor under the Office of the Commissioner of Financial Institutions of Puerto Rico. He garnered vast experience in securities arbitration and operations in the U.S. securities markets.

In February 2001 Méndez Vázquez entered public service as Executive Vice President and Treasurer of the Government Development Bank for Puerto Rico (GDB). In his capacity as Treasurer, he oversaw the administration and management of the Bank's $4 billion investment portfolio and of several investment funds and trusts. In addition, he was an active member of the following Boards of Directors: Board of the Commonwealth Employee Retirement Systems, Board for Teacher Retirement, Board of Guayacán Venture Capital Fund, Board of the Institutional Trust of the Puerto Rico National Guard.

In July 2002, Méndez Vázquez was appointed President of the GDB. The GDB contributed $1 billion for the creation of the Special Communities Perpetual Trust for the construction of housing , rehabilitation of infrastructure, and financing of self-management projects and jobs creation. The Investment and Cooperative Development Fund was created pursuant to legislation to promote employment in this important economic sector. The design and budget allocation for the construction of the Government Financial Center that would house the GDB's new headquarters were approved.

In November 2003, Méndez Vázquez returned to private practice.

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