Press Release
Interim Appointment of the Secretary and Launch of Search Process
Panama | December 4, 2025
The Board of Directors of the Panama Savings Fund (“FAP” or the “Fund”) announced today the appointment of Enrique Ho — currently Deputy Chief Investment & Risk Officer — as Interim Technical and Executive Secretary (“Interim Secretary”), effective December 4, 2025, and until the Board selects a permanent successor in accordance with the law.
“The appointment of Enrique ensures operational continuity and orderly management during this transition,” said Mario R. Amaya, Chairman of the Board. “We again thank Abdiel A. Santiago for his leadership and contributions, and value his support as a strategic advisor ad honorem to ensure an orderly process.”
In parallel, the Board of Directors will in due course hire an executive search firm to conduct a competitive, local and international process aimed at identifying, evaluating, and presenting candidates for the position of Technical / Executive Secretary (CEO/CIO), in line with best practices in governance, talent selection, and the applicable regulatory framework.
About Mr. Enrique Ho
Mr. Ho brings more than 30 years of leadership in investments and finance in Latin America and emerging markets, with experience in portfolio management, sovereign and institutional credit, and corporate governance. He is a Chevening Scholar, holds an MBA from London Business School, and a B.S. in Finance and Economics from the University of Tennessee. He has held positions at Aureos Capital, BLADEX, Blink, and Chase Manhattan Bank, and served as a member of the FAP Investment Evaluation Committee.
During this period, no changes are expected in the Fund’s investment policies or its risk management and governance processes. The FAP executive team will continue carrying out the legal mandate to preserve and grow national savings and strengthen the country’s capacity to respond to natural disasters.
About the Fondo de Ahorro de Panama
The Fund was created by Law 38 of June 5, 2012, whose main objectives are:
Establish a long-term savings mechanism for the Panamanian State; and
Establish a stabilization mechanism in case of a state of emergency (declared by the Cabinet’s Council) and economic slowdowns.
Contact: Administration, +507-394-5776/5706, administrador@fondoahorropanama.com
For additional information visit www.fondoahorropanama.com
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