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News 2017

President Bachelet confirms Enrique Marshall as new Chairman of BancoEstado

Subgerencia de Comunicaciones

Santiago, Oct 05, 2017. 05:00

The professional business administrator graduated from Universidad de Chile performed as alternate chairman since the end of August. Meanwhile, economist Mr. Juan Foxley took office as vice-chairman of the entity.

Today, the President of the Republic appointed the economist Mr. Enrique Marshall as the new Chairman of BancoEstado.

The professional, of outstanding trajectory, performed as alternate chairman since the end of August, when the then chairman, Mr. Jorge Rodríguez Grossi, was appointed Minister of Economy

Mr. Marshall is a business administrator graduated from Universidad de Chile and achieved Master and Doctorate degrees in Economy from the University of Notre Dame, United States.

As part of his professional experience, he served as chief executive officer at Banco Central de Chile during 10 years and also vice-chairman of the same entity during 2014-2015.  

Prior to that, he worked as general manager of the issuing entity and between 2000 and 2005, as Superintendent of Banks and Financial Institutions.

In addition to these public responsibilities, he held various positions in private commercial banking. He has published numerous studies related to the functioning of the financial system.

Currently, he participates in the boards of several non-profit foundations and corporations, such as the Chilean Foundation of the Pacific and the Institute of Banking Studies "Guillermo Subercaseaux".

On October 15, 2015, he was appointed by President Ms. Michelle Bachelet as Vice-Chairman.

Vice-Chairman appointment

Likewise, the president appointed the economist Mr. Juan Foxley as Vice-Chairman of BancoEstado.

Mr. Foxley holds a business administration degree from Universidad de Chile with unanimous distinction; he also graduated from University of Pennsylvania (M. of A. in Econometrics and Finance) and holds a Magister degree in Monetary and Fiscal Economy from the same university.

He also participated as member in the panel of experts on managing international reserves at the International Monetary Fund.

Furthermore, he has participated in technical assistance missions to the central banks of Bolivia, Cambodia, Dominican Republic, Guyana, Iran, Israel (WBGS), Rwanda, Seychelles, Sierra Leone, Solomon Islands, Vanuatu, Vietnam and Yemen.

Mr. Foxley was manager of the International Division at Banco Central de Chile, responsible for the administration of international reserves and the regulation of capital accounts.