Press Release

The Board of Directors of the Fondo de Ahorro de Panama elects its new Vice Chair

Panama | May 29, 2026

The Board of Directors (the “Board”) of the Fondo de Ahorro de Panama (“FAP” or “Fund”) unanimously approved, during its ordinary session held on May 13, 2026, the appointment of Director Mayra E. Kam Rauschkolb as Vice Chair of the Board of Directors, effective as of the same date. The decision reflects the Fund’s ongoing commitment to robust governance practices, institutional continuity, and the effective discharge of its long-term mandate.

The appointment follows the incorporation of Director Otto Wolfschoon to the Board of Directors, succeeding Mr. Moisés Cohen Mugrabi, who served as Vice Chair during his tenure as a member of the governing body.

The decision also follows the ratification of Director Kam Rauschkolb by the National Assembly on April 27, 2026. Director Kam Rauschkolb has served on the Board of Directors of the Fund since 2021.

Commenting on her appointment, Director Kam Rauschkolb stated: “I assume this responsibility with a strong sense of institutional commitment. In my capacity as Vice Chair, I will continue contributing to the collective work of the Board of Directors, together with the executive team, to ensure that the Fund’s decisions remain guided by technical rigor, prudence, and a long-term strategic perspective.”

 Mrs. Kam Rauschkolb brings more than 30 years of professional experience in the financial and banking sectors. She currently serves as Chairwoman of Financiera Pacífico Internacional, S.A., and as an active member of Asociación Directoras de Panamá. She holds a Bachelor of Science in Economics from the University of Pennsylvania (United States), as well as a Master of Business Administration from The Wharton School and a Master of Arts in International Studies from The Lauder Institute, both from the same university.

About the Fondo de Ahorro de Panama
The Fund was created under Law 38 of June 5, 2012, with the following primary objectives:

1. To establish a long-term savings mechanism for the Panamanian State; and

2. To establish a stabilization mechanism for states of emergency (declared by the Cabinet Council) and periods of economic slowdown.

Contact: Administration, +507-394-5776/5706, administrador@fondoahorropanama.com
For additional information, please visit www.fondoahorropanama.com
 
 
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