Álvaro Andrés Naranjo joined the Board of Directors of the Panama Savings Fund (FAP), following his ratification by the National Assembly on January 26, 2026, and his subsequent swearing-in on January 28 before the Minister of Economy and Finance, Felipe E. Chapman. By joining the board, he takes the position previously held by Moisés Cohen Mugrabi. Naranjo has over two decades of experience in capital markets and currently serves as Senior Vice President of Wealth Management and Institutional Relations at Geneva Asset Management (GenAsset). From that position, he has developed an 18-year career advising investors and public and private institutions in various countries in the region. The Chairman of the Board, Mario R. Amaya, stated: "On behalf of the Board of Directors and the executive team, we welcome Director Naranjo." The Panama Savings Fund officially announced the appointment, highlighting the new director's professional background and his experience in investment management and institutional relations within the financial sector. The experience and knowledge of capital markets of Director Naranjo will contribute to the institutional strengthening of the Fund and the fulfillment of its mandate." Upon assuming the position, the new board member stated: "I am honored to be part of the Fund and its Board of Directors, recognized for its independence and transparency. I aspire to contribute with my experience to the strengthening of corporate governance and the responsible management of resources, for the benefit of current and future generations of Panamanians."
