James P. Scriven Chief Executive Officer
Mr. Scriven was appointed as the new Chief Executive Officer of the Inter-American Investment Corporation (IIC) on November 1st 2015, by its Board of Executive Directors as part of the private sector consolidation efforts currently undergoing at the IDB Group.
Mr. Scriven will oversee the implementation of the IIC’s expanded mandate under a renewed vision for private sector operations endorsed by shareholders. Last March, the Board of Governors of the Inter-American Development Bank and the Inter-American Investment Corporation approved the consolidation of the IDB Group’s private sector activities into the IIC. Effective January 1st, 2016, the IIC will offer a full array of private sector products and services previously offered across the IDB Group.
Previous to this assignment, Mr. Scriven was the Vice President - Corporate Risk and Sustainability at IFC, responsible for the Credit, Corporate Risk, Special Operations and Environment and Sustainability Departments and a member of the Senior Management Team of IFC. He was the Vice Chair of the Corporate Risk Committee, the Alternate Chair of the Corporate Client Committee, the Chair of the Execution and Diligence Steering Group and led the Process Efficiency Initiative.
Until October 2014, Mr. Scriven was the Director - Global Head of the Financial Institutions, Insurance, Microfinance and Private Equity Funds Group in IFC and a member of the IFC’s Operations Group, Corporate Operations Committee and Corporate Equity Committee and an Investment Committee Member of the IFC Asset Management Company’s Capitalization Fund. The Financial Institutions Group has 397 staff in 40 countries, works with 700 financial institutional clients and 200 private equity funds in 120 countries and accounts for about half of IFC’s new investments each year.
Mr. Scriven joined IFC, the private sector arm of the World Bank Group, in April 2002 as Principal Investment Officer in the Global Financial Markets Department, based in the Buenos Aires office, responsible for the restructuring efforts in the Argentine financial sector. Shortly after, he moved to Washington DC, where he has held several positions, with progressively larger responsibilities in the Global Financial Markets Department, including: Team Leader covering Mexico and Central America, Manager, New Business for Latin America and the Caribbean, Associate Director, Operations, for the Latin America and the Caribbean, and Africa regions. In July 2007, he was promoted to Director overseeing all financial markets operations in both regions and in August 2010 to Director Global Head of the Financial Institutions Group.
Prior to joining IFC, Mr. Scriven was Chief Financial Officer of Banco Hipotecario S.A., one of the largest commercial banks and leading mortgage bank in Argentina.
Mr. Scriven holds a Master’s Degree in Finance from C.E.M.A. (Argentina) and B.A. in Business Administration from UCA (Argentina).
Gema Sacristán Chief Investment Officer
Ms. Sacristán, a national of Spain, is currently IIC's Chief Investment Officer. She joined the Inter-American Development Bank in December 2008 as an investment officer in the Structured Corporate Financing Department, where she subsequently became chief of the Financial Markets Division. Previous to this, she held several leadership positions in commercial and investment banks in Madrid, London and New York, such as Director of the Export and Agency Finance Unit for the Americas at BBVA New York and Vice President and Product Manager for Global Trade Finance at Banco Santander in New York.
She holds degrees in Economics and Business Administration from the Universidad Autónoma in Madrid, as well as a Master’s degree in International Trade and Business from the Universidad Complutense in Madrid and a Master’s degree in Sustainability Leadership from Cambridge University, in UK.
Orlando Ferreira Chief Strategy Officer
Mr. Ferreira, a national of Paraguay, is IIC’s Chief Strategy Officer. Working previously as the Chief Operating Officer, Mr. Ferreira joined the Corporation as a Senior Advisor in 2006. He has held several Division Chief positions at the IIC and also served as an IDB Group Board member from 1999 to 2005. Prior to his service at the IDB Group, Mr. Ferreira worked for fifteen years in the construction, financial, and advisory services sectors in Paraguay. He holds a degree in Economics from the Universidad Nacional de Asunción in Paraguay and a Master’s degree in Finance from The George Washington University.
Rosemary Jeronimides General Counsel
A national of Brazil and the United Kingdom, Ms. Jeronimides is currently IIC's General Counsel. She served as Chief Counsel of the Non-Sovereign Guaranteed Operations Division of the IDB Legal Department since August 2007, and previously as an attorney in several international law firms with a primary focus on cross-border financings in Latin America and the Caribbean. Ms. Jeronimides has a Juris Doctor degree from Georgetown University and a Bachelor of Arts degree from Harvard University.
Christian Novak Chief Risk Officer
Mr. Novak, a citizen of Canada, Italy, and Argentina, is IIC's Chief Risk Officer. Previous positions included Managing Partner at FMA-Frontier Markets Advisors Inc. in Canada, Senior Manager of Global Credit Risk Management for the Financial Markets and International Businesses divisions at National Bank of Canada, Executive Director of Risk Management for Latin America at Morgan Stanley, Vice President of Structured Finance at ING, and Associate of Credit Risk Management for Latin America at J.P. Morgan. Mr. Novak holds a Licenciatura degree in Business Administration and a degree in Public Accounting from the Pontifical Catholic University of Argentina.
Rocío Palafox Chief Finance and Administration Officer
Mrs. Rocio Palafox, a national of Mexico, is currently IIC's Chief Finance and Administration Officer. Prior to joining IIC, Rocio was responsible for driving the growth of GE in Mexico, through growth initiatives, structured and financed energy and healthcare projects.
Rocio joined GE Capital Mexico in 1994 serving first as Tax Leader for GE Capital México and subsequently pricing leader for Commercial Finance, participated in the due diligence, acquisition & integration of a local Bank and Insurance company. In 1998 she joined the GE Capital Real Estate team serving in several leadership roles including Chief Financial Officer, Finance Manager for Mexico & South America and Controller where she actively participated in assessing investment opportunities, handled financial planning & analysis duties and the established controllership processes for the rapidly growing platform in Mexico. Rocio played a key role in the acquisition and integration of several portfolios as well as the consolidation of the lending business.
In September 2011, Rocio was promoted to Chief Financial Officer of GE México, Central America and the Caribbean, where she led the formation of the share service center for Latin America in Monterrey and was responsible for compliance with local accounting requirements as well as to promote the hiring and retention of talent from the financial sector.
Prior to joining GE Capital, Rocio worked in a Tax Advisory firm in Mexico City and was University Teacher at the Instituto Tecnológico Autonomo de Mexico (ITAM).
She earned a BA in Public Accounting (CPA) from the Instituto Tecnológico Autónomo de México (ITAM) in 1992.