Madrid, July 08, 2024. The Board of Directors of COFIDES has today approved the appointment of Ángela Pérez as its new Chairperson and CEO. Ángela Pérez will take over from José Luis Curbelo, who had held the position of Chairperson and CEO since July 2018.
Ángela Pérez holds a degree in Economics and Business Administration from the Complutense University of Madrid, as well as a diploma in the PADE Program from the IESE Business School of the University of Navarra.
She has extensive professional experience in investment banking, including her career at BZW and Barclays Capital, in the public sector (she worked for ten years at COFIDES, where she held the position of Chief Investment Officer while being a director on various boards of directors of investee companies) and in private enterprise. More specifically, since 2010 she has worked for Elecnor, being responsible for the financial structuring of projects and asset management in the infrastructure and energy sectors. In her thirty-five years of professional experience, she has specialized in the management of financial and investment operations in international markets, both developed and emerging, with a particular focus on Sub-Saharan Africa in recent years.
She has experience in ESG matters, having been a member of Elecnor's Sustainability Committee. She has also been a member of the Advisory Board of the Elecnor Foundation.
On the other hand, the COFIDES’ Board of Directors thanked Jose Luis Curbelo for his work at the helm of the company over the past six years. During his presidency, COFIDES experienced significant growth in its activity, taking on new mandates that have tripled assets under management to over €5bn, and has achieved record levels of income and profit.
ABOUT COFIDES
COFIDES is a state-owned company specialized in managing State funds that provides financing for private investments to achieve various public policy objectives. For over three decades, it has been managing resources aimed at supporting the internationalization of Spanish companies, and since 2021, the FONREC, a fund aimed at strengthening the solvency of Spanish companies severely affected by the COVID-19 pandemic. COFIDES has been assigned the direct management of two new financial instruments: the Co-investment Fund (FOCO), to attract foreign investment to Spain in activities mainly linked to green and digital transitions, and the Social Impact Fund, aimed at reinforcing the national ecosystem of impact investment. Additionally, COFIDES supports the Spanish Agency for International Development Cooperation (AECID) in managing financial cooperation resources. The Spanish state owns 53% of the capital, while the remaining 47% is held by Banco Santander, Banco Bilbao Vizcaya Argentaria (BBVA), Banco Sabadell, and the Development Bank of Latin America and the Caribbean (CAF).
