Ana Lucrecia Tovar

Practice Areas

Banking & Finance

Capital Markets

Compliance

Corporate / M&A

Corporate / Commercial

Project Finance

Career

Founding Partner - Virtù Atelier Legal (2019 - to date);

Partner - Dentons Muñoz (2017 - 2019);

Designated member of the ICSID Panels of Arbitrators (2015 - 2022);

Partner - Fabrega Molino (2004 - 2017); Associate (1998 - 2001);

Legal and Compliance Head - Citibank, N.A (2001 - 2004);

Legal Consultant - Departament of Commerce, Organization of American States (OAS) (1997);

Legal Assistant - Alfaro, Ferrer & Ramirez (1991 - 1997).

Professional Memberships

Board of Directors

Director, Grupo Financiero BG, S.A. (2019 - to date)

Director, Banco General S. A. (2019 - to date)

Director, Banco General (Overseas) Inc. (2019 - to date)

Director, BG Valores S. A. (2019 - to date )

BGV Securities Holdings USA, LLC (2023 - to date)

Secretary and Director; Member of the Executive Committee; Director of Group 14 - Professional Services, Chamber of Commerce, Industries and Agriculture of Panama (2022 - to date)

President and Director, Fundacion Amador (NGO-Biomuseo) (2017 - to date)

Director, Fundacion Solidaria #TODOPANAMA (NGO). (2020 - to date)

President of the Board, Superintendence of the Securities Market of Panama (2012-2014)

Director, Superintendence of the Securities Market of Panama (2014-2019)

Director, Superintendency of Banks of Panama (2014-2019).

Director, Voces Vitales (2014-2019).

President and Director, FMM Trust (2008-2012).

Fellows and Memberships

Fellow, "Central America Leadership Initiative" (CALI Fellow)

Fellow, Aspen Global Leadership Network (Aspen Fellow)

Founding member, Asociación Directoras de Panamá (ADP in Spanish)

Member, Instituto de Gobierno Corporativo de Panamá.

Women in the Profession (WIP Panamá) del Cyrus R. Vance Center for International Justice

Languages Spoken

Spanish: Native

English: Advanced

Industry Sector Expertise

o Legal advisor in structuring of public and private offerings of securities;

o Local and International banks and securities firms lawyer;

o Legal advisor for investment funds, both local and international;

o Structuring of syndicated loans, project finance, complex transactions;

o Preparation and negotiation of commercial contracts such as: merger and acquisition agreements, agreements between shareholders, loan agreements and their guarantees, distribution agreements, purchase and sale agreements, among others;

o Advises and audits on corporate governance and compliance issues;

o Management of regulatory processes before government entities;

o Approve general regulations, their scope and application to the entire banking and securities sector and ensure their compliance;

o Experience in the public sector through participation in boards of directors and external consultancies.

Personal

She has more than 20 years of experience in the financial sector, as well as legal and institutional advisor to banks, securities firms, family offices, and investment funds. She has also been involved in the legal structuring of syndicated financings, project finance, fiduciary structures, development of real estate and tourism projects, public and private issuance of bonds and/or shares, corporate restructuring, financial regulatory issues, and corporate governance and compliance.

Recognized for her track record in providing her clients with quality legal service that ensures good business and the creation of a relationship of trust, security and integrity as main objectives, she wishes to be part of her clients' team to obtain favorable results.

Education