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Home > About GDB > Gallery of Presidents

Gallery of Past Presidents


Juan Carlos Batlle (2011-2012)

Juan Carlos Batlle was appointed President of the Government Development Bank for Puerto Rico effective Mary 2, 2011, by Governor Luis G. Fortuño.

As President of the GDB, Batlle was a leading member of the governor's economic and fiscal team in charge of implementing major policy initiatives, including the innovative public-private partnerships program. He headed the launching and implementation of a loan guarantee program kown as Impulso Empresarial aimed at revitalizing the small and medium sized businesses sector through the commercial banking sector. He was also the principal promoter of a novel entrepreneurship program known as Desarrollo para el Pueblo (Development for the People)—which was originally funded through the Puerto Rican Stimulus Plan and was later adopted by the GDB.

During his tenure, the GDB brought several successful bond issues to market, exceeding expectations and generating significant savings for Puerto Rico issuers. In addition, Puerto Rico’s finances and economy gradually steered towards sustainable recovery, showing signs of improvement, and moving out of negative territory and into sustained positive terrain.

Before entering public service, Batlle served for 14 years with distinction as a top executive for Santander Group in Puerto Rico. He initially joined Santander in 1997 and soon began to move up the corporate ranks. As part of the Investment Banking Group of Santander Securities Corporation, he served consecutively as Assistant Vice President in 1999, Vice President in 2001, and Senior Vice President and Director in 2003. Then, in 2005, he moved on to serve as First Senior Vice President of Banco Santander Puerto Rico and President and CEO of Santander Asset Management Corporation. Subsequently, he went on to serve as Managing Director of Santander Securities Corporation in 2008. Prior to Santander, he worked for another local investment banking firm.

Batlle was also a member of the Boards of Directors of Santander Securities Corporation, Santander Asset Management Corporation and the First Puerto Rico Family of Funds.

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