Hernan Vasquez Alzamora – GC Powerlist
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Peru 2018

Financials

Hernan Vasquez Alzamora

General counsel and chief compliance officer | COFIDE

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Peru 2018

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Hernan Vasquez Alzamora

General counsel and chief compliance officer | COFIDE

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Since joining the Peruvian state-owned development bank COFIDE (Corporación Financiera de Desarrollo) in July 2017 as legal and compliance manager, Hernan Vasquez Alzamora has already hit the ground running, implementing key organisational improvements. One example of this is his introduction of a well organised compliance department, which is now in charge of corporate governance issues and anti-money laundering. ‘This is an achievement for COFIDE, being a sovereign-owned development bank and a crucial institution for the Peruvian banking system’, Vasquez says. ‘I am now responsible for compliance matters to promote respect for rules and to ensure that the supervision requirements are being met’. Other key changes implemented by Vasquez include the preparation of several policies to address legal risks related to the financial activities, the creation of certain KPIs to evaluate his team’s performance and the appointment to specialised groups of attorneys to recover nonperforming loans. At present, Vasquez is also involved in the recovery of an aggregate amount of $500m handling complex negotiations and litigations. In his previous role as general counsel and chief compliance officer of Banco Santander between 2014 and 2017, Vasquez impressed with his participation on the acquisition of Leasing Perú (a Bancolombia subsidiary) assets for approximately $66m and his work on the restructuring of debts of Abengoa Perú before banks and financing lenders, for an aggregate amount of approximately $100m.

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