Alberto Vallarino Clément

Alberto Vallarino Clément, (Panama City, April 2, 1951) is a Panamanian engineer, businessman and president of Grupo VerdeAzul, S.A. since 2011.

Biography

Alberto Vallarino Clément was born in Panama City on April 2, 1951. He is the son of Mr. Alberto Vallarino Céspedes and Mrs. Marta Stella Clément Linares. His great-grandfather Enrique Linares served as president twice and was one of the signers of the Declaration of Independence of the Republic. Another grandfather, Carlos Clément, was one of the heroes of the Independence in Colón.

On July 24, 1981, Vallarino married Adriana Lewis Morgan, daughter of Samuel Lewis Galindo and Itza Morgan de Lewis. They have three children: Ana Maria, Diego and Ximena.

Work experience

Alberto Vallarino began his career in 1974 at Citibank, N.A.

In 1999, Alberto Vallarino founded the Buenaventura Tourism Development.

In addition, Vallarino was member of the board of directors of several companies: Cable & Wireless Communications Panama, S.A., Caja de Seguro Social (Social Security), Banco Nacional de Panamá and Empresa de Transmisión Eléctrica S.A. (Electric Transmission Company).

Since 2011, Alberto Vallarino has been the CEO of Grupo Verdeazul, S.A.

Between 2009 and 2011, Alberto Vallarino served as Minister of Economy and Finance of Panama in the government of former President Ricardo Martinelli. on March Fitch Ratings upgraded the qualification of Panama, allowing the nation to achieve the Investment Grade Category for the first time; on May Standard & Poor's Ratings Services also upgraded Panama's rating to Investment Grade, due to the prospects of moderate deficit and the expectations of economic growth; meanwhile, on June Moody's awarded Panama with the Investment Grade, due to the "significant improvement" in the country's fiscal policies and a solid economic growth.

Also, during Alberto Vallarino's period as minister, Panama managed to be excluded from the list of tax havens by the Organisation for Economic Co-operation and Development (OECD) in July 2011, as well as being removed from "the list of countries which identified Panama as an uncooperative tax haven, as is the case of Mexico, France, Italy and others", in the words of Vallarino.

Philanthropic work

Alberto Vallarino served as president of the Unión de Trabajo Industrial de Panamá (1981–1982), Asociación de Industriales Latinoamericanos (1982) and Asociación de Exportadores Panameños (1983); besides being founder and life member of Instituto de Competitividad Infantil de COSPAE; member of Fundación para el Desarrollo Económico y Social de Panamá (Fudespa) and the National Centre of Competitiveness; and president of Fundación Por Un Mejor Panamá.