About

A hugely experienced lawyer with expertise in corporate, tax, finance and anti-money laundering matters, Lorena Carrillo Alvarez Calderón has achieved a number of milestones over the course of a glittering in-house legal career. Carrillo has held her current position since 2005, and in the 12 years since has been integral to a number of Citibank del Peru’s most important projects. These include, but are not limited to, the conversion of Citibank Peru from a branch to a subsidiary, the pioneering spin-off and subsequent sale of the consumer and commercial business as well as the leadership of legal, compliance and control units. She states, ‘I have worked under the constraint of trying to keep our legal department as small and as efficient as possible’, and to achieve this has overseen a number of schemes including implementing a ‘support area within our operations division’. This satellite support division has been so successful in Peru that is currently being replicated in other countries in the region. It has been highlighted as an extremely efficient solution which allows ‘scarce, expensive and highly specialised human resources in legal departments to focus their talent on those tasks that provide the largest benefit to the company as a whole’. High-value transactions Carrillo has assisted on in the region include the $295m-valued Citibank Peru spin-off of its consumer and commercial business to a NewCo, and the subsequent sale of 100% this NewCo to Scotiabank Peru.