The UBS Puerto Rico Family of Funds’ Board of Directors has appointed recognized economist José J. Villamil as an independent director.
“Villamil is a well-known economist with vast knowledge in the field. He is a highly regarded figure and brings with him great expertise,” said Board Chair Carlos V. Ubiñas.
“I am very pleased that he has agreed to be part of our board and we are sure he will make a positive contribution to the Funds,” he said.
Villamil is chairman and CEO of Estudios Técnicos Inc., a highly respected economic and planning consulting firm in Puerto Rico.
He has served as a consultant to international organizations, including the UN’s Economic Commission for Latin America and the Caribbean. He has taught at a number of universities, including Harvard, the Institute of Development Studies in Great Britain, and various Latin American institutions.
He is a former Chairman of both Ponce Bank and BBVA-Puerto Rico and of the Puerto Rico Chamber of Commerce. During his career he has received numerous awards including the John Simon Guggenheim Memorial Foundation Award for his work on small economies and an Honorary Doctorate from Universidad Metropolitana en Puerto Rico. In June 2013 he was awarded the prestigious Antonio R. Barceló award by United Way of Puerto Rico.
UBS Puerto Family of Funds is comprised of 18 funds with assets under management of $8.7 billion as of May 31, 2013.