Bio

Alfredo Vara is a partner at VACE Partners. Before joining Vace Partners Alfredo worked for Deutsche Bank’s Latin American Global Market Sales Group where he joined since 2005. Mr. Vara’s main responsibility since joining the bank was financial institution coverage for a full range of products; he also was the head of the Debt Local Capital Markets effort in Mexico, and form part of the debt structuring in México including all private and public securitizations. Before joining Deutsche Bank, Mr. Vara occupied very senior positions while working for the Mexican government. Mr. Vara boasts a wide rang of experience in the financial sector in Mexico. He was responsible for developing a new floating rate debt market, created and developed an internal debt market obtaining Standard & Poor’s government debt grade. Issuance and placement of debt instruments denominated “Bonos de Protección al Ahorro” (BPA’s and BPAT) up to 32 billion USD. He also was responsible of managing financial institutions sales (concluded Banca Promex Strengthening Program acquired by Bancomer, concluded Banco del Atlántico Strengthening Program and formalization process that lead to the transfer of Banco del Atlántico assets to Banco Internacional, coordinated and supervised the restructuring and assumption of all the operations of the intervened banks by the supervisory agency (CNBV), as well as participated in developing the schedule and processes necessary to liquidate the institutions, concluded Grupo Financiero Serfín buy audit by Santander Mexicano, supervised the financial scheme that allowed to maintain BanCrecer in operation and the formalization process that lead to the transfer of ownership of BanCrecer to Banco Mercantil del Norte, supervised AFORE Bancrecer-Dresdner auction, Initiated and coordinated the liquidating processes of Banca Quadrum, Banco Anahuac, Banco Industrial y Banco del Sureste, including a mechanism put in place in order to pay out all deposit holders, etc…), and developed risk methodologies capable of estimating martingale default probabilities. Mr. Vara was also responsible of coordinating loan operations negotiations obtaining financing from international institutions (International Bank for Reconstruction and Development & Inter-American Development Bank). Managed resources authorized by the Expenditures Budget of the Federation, in order to support fulfillment of obligations undertaken by the Institute, as well as to implement programs to support bank savers and debtors. Before working for the government, Mr. Vara worked for three years at a structuring position at Citibank Mexico. Mr. Vara has a B.A. in Economics from the Instituto Tecnológico Autónomo de México. He graduated from a joint degree program at Yale University where he obtained a MPPM from Yale School of Management and a M.A. in Economics from the Graduate School.