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Home > About GDB > Gallery of Presidents

Gallery of Past Presidents

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José V. Pagán Beauchamp (2013-2014)

José V. Pagán Beauchamp graduated with honors from Yale University in 1979 with a B.A. in Engineering and Applied Sciences. In 1988, he received an M.B.A. in Finance from the New York University Graduate School of Business Administration, where he received, among others, an award to the most outstanding general academic record and another to the most outstanding academic record in Finance. In 2010 he also completed a master's degree in Computer Sciences from the Polytechnic University of Puerto Rico.

Pagán Beauchamp was appointed Interim President of the GDB on July 17, 2013. At the time of his appointment, he was Executive Vice President for Financing, a position he had held since July 1, 2013, and immediately before that he had been Senior Advisor to the President since January 2013. 

Previously, for more than 25 years, Pagán Beauchamp had worked in the areas of public and private financing, investment banking, corporate finances, accounting, insurance, financial consulting, and project management. During his professional career, he held key executive positions in investment banks, municipal bond underwriters, insurance companies and consulting firms, such as: Citibank, Salomon Smith Barney, The First Boston Corporation, MAPFRE, Ernst & Whinney, and Truenorth.

In the public service, he had served as GDB Senior Executive Vice President for Financing from 2001 to 2002, and Executive Vice President for Financing in 1992. During both tenures he was responsible for structuring and issuing over $12.5 billion taking advantage of the strongest municipal market rally in the previous 15 years.

In academia, he worked as Director of the Business Administration Department of the Sacred Heart University.

During his tenure as Interim President, in March 2014, the GDB placed $3.5 billion general obligation bonds. Due to an unprecedented demand, the issue was oversubscribed four-and-a-half fold. Part of the proceeds were used to refinance certain obligation of the Commonwealth and of its instrumentalities with the GDB, resulting in a liquidity infusion to the GDB of approximately $1.9 billion.


 
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