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Puerto Rico’s Financial Services Forum set for March

The Puerto Rico International Insurers Association (PRIIA) and Puerto Rico International Banking Association (PRIBA) will convene the 2020 Financial Services Forum on March 18 and 19 at the Condado Vanderbilt Hotel in San Juan.

The conference, which will feature a mix of local and international presenters, will focus on Puerto Rico as a destination for business. In particular, Puerto Rico’s fast-growing international financial services sector and the latest developments in banking, insurance and specialty financial services are among topics that will be explored.

Condo Vanderbilt Hotel on the shores of Puerto Rico’s capital, San Juan, will be host to the 2020 Financial Service Forum. (Photo: CVent)

Topics and speakers

For this reason, Hugo Córdova, president of PRIIA, pointed out, “The Puerto Rico Financial Service Forum will showcase Puerto Rico as a world-class International Financial Center with Law 399 and 273 as its pillars.”

In addition, experts will examine alternative investment management, captive insurance, cryptocurrency, exchanges and custodians, family office administration, private placement life insurance and reinsurance, Bank Secrecy Act and anti-money laundering compliance, correspondent banking, mortgage servicing, payments and processing, and trade finance.

John Fitzpatrick, a non-executive director of AIG, will be among the featured presenters at Puerto Rico’s 2020 Financial Services Forum. (Photo: AIG)

So far, the organisers of the conference have confirmed the participation of Craig Lemasters, CEO of GXC; Agnes Suárez, general manager at AIG: John Fitzpatrick from New York’s AIG office; Walter Keenan, CEO at Advantage Insurance; Alberto Bacó, Puerto Rico’s former secretary of economic development; Ken Kotch, principal at Ryan LLC; and Mark Jacobs, CEO at Captive Alternatives.

Alberto Bacó, Puerto Rico’s former secretary of economic development, will make an appearance at 2020 Financial Services Forum. (Photo: News Is My Business)

Latin American powerhouse

With more than 400 captive insurance companies, Puerto Rico is the third-largest market in Latin America and the Caribbean.

Also commenting on the conference, Eduardo Colón, president of PRIBA, noted: “PRIBA, with members that operate in Puerto Rico under both Law 52 of 1989 and Law 273 of 2012 is similarly committed to promoting Puerto Rico and look forward to the Puerto Rico Financial Services Forum as the vehicle to showcase all the benefits the island has to offer to financial services practitioners,