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New gov recommends names to lead Puerto Rico Economic Development Bank, Public Buildings Authority

By on August 15, 2019

(Screen capture of

Asks respective boards to consider Luis Carlos Fernández, Melitza López

SAN JUAN — Recently sworn Gov. Wanda Vázquez named her picks Thursday to fill vacancies at Puerto Rico’s Economic Development Bank (EDB) and Public Buildings Authority (PBA).

The governor sent the EDB board her recommendation to have Luis Carlos Fernández Trinchet preside the government-owned entity that provides loans and funds to private organizations whose activities can help replace imports.

To lead the PBA, which manages buildings and facilities leased to the government, Vázquez chose Melitza López Pimentel as executive director and “will be presented” to the entity’s board for consideration, according to release issued by the governor’s office.

“I thank the nominees for their availability and commitment to work for the people of Puerto Rico. We are living in a time of many challenges but today, more than ever, we have to reiterate and insist on giving it our best. I am convinced that working as a team, with openness and communication, we will have great achievements. I wish these officials the greatest successes in these new assignments,” Vázquez said in the release, which included short bios.

Fernández earned a bachelor’s degree in business administration from the University of Puerto Rico, a master’s degree in business administration with a focus on finance, business environment and public policy from the University of Rochester in New York; and a Juris Doctor at the University of Puerto Rico. He is a CFA Institute-certified financial analyst.

Fernández worked from 1988 to 2002 at local financial institutions and had practiced law. He has been in public service since 2008, serving as the Housing Finance Authority’s (AFV by its Spanish initials) financial and tax credit director. And since 2018 he has been a special assistant in economic matters at the Housing Department, and recently served as an adviser to AFV’s executive director.

For her part, López earned a bachelor’s degree in business administration from the Universidad Interamericana and is a licensed real estate agent. She was the sales director at a real estate company for seven years. However, since 2011, she has served in several PBA posts, such as general property manager, administrative director and, most recently, its interim executive director.

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