For Immediate Release Contact:
November 2, 2010 Juan Antonio Flores
  (210) 231-8000
  jaflores@nadb.org

Geronimo Gutierrez takes Managing Director position
at North American Development Bank

(San Antonio, Texas) –Geronimo Gutierrez, newly appointed Managing Director of the North American Development Bank (NADB) by its Board of Directors, has begun his tenure as head of the international organization.

Mr. Gutierrez, a Mexican citizen, succeeds Mr. Jorge C. Garcés, a U.S. citizen, whose term as Managing Director ended October 15. The NADB charter requires that the directorship of the Bank alternate between the U.S. and Mexico.

“My primary challenge and objective will be to continue the Bank’s growth and performance of recent years, which has been vital to the economic growth and development of the U.S.-Mexico border region,” stated Mr. Gutierrez.

“With the tripling of its loan portfolio over the last five years, NADB has shown its potential for supporting the border region in the development of infrastructure that boosts the competitiveness of this shared region, and my vision is to establish the Bank as the principal financing option for infrastructure projects along the border,” he added.

Geronimo Gutierrez has extensive professional experience and expertise in U.S.-Mexican relations and border affairs, having served as the Under Secretary for North America at the Mexican Ministry of Foreign Relations from 2003 to 2006. In addition, he was Under Secretary for Latin America and the Caribbean, and more recently served as Under Secretary of Government in the Ministry of Government. In the area of finance, he was the Head of Advisory Staff in the Mexican Ministry of Finance and Public Credit between 1992 and 1994 and an advisor for the Mexican development bank, Banco de Obras y Servicios Públicos (BANOBRAS).

Gutierrez holds a Master’s in Public Administration from the John F. Kennedy School of Government at Harvard University.

The North American Development Bank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border. To date, NADB is helping finance 148 environmental infrastructure projects with approximately US$1.18 billion in loans and grants along communities on both sides of the border.

For more information on the NADB, visit www.nadb.org.


 

The North American Development Bank is a financial institution established and capitalized in equal parts by the United States and Mexico for the purpose of financing environmental infrastructure projects along their common border.  As a pioneer institution in its field, the Bank is working to develop integrated, sustainable and fiscally responsible projects with broad community support in a framework of close cooperation and coordination between Mexico and the United States.