4 November, 2020 Regional

PPU elects new regional management


PPU elects new regional management

From left to right: Martin Acero, Andres Sanfuentes, Juan Carlos Rocha and Rafael Boisset

Philippi Prietocarrizosa Ferrero DU & Uría has put a new management model in place and elected Colombia-based Martín Acero as new regional managing partner across Chile, Colombia and Peru.

The firm’s 57 partners voted in the new governance structure on 27 October. It replaces the former system with two co-chairs and an office director in Peru. Acero, who had been co-chair since 2015, was elected regional managing partner and chair of the board. He is joined by a regional general manager, Chile-based Camilo Jiménez, who will lead the business administration.

Chilean partner Marcelo Armas was the other former co-chair, while Guillermo Ferrero was the office director in Peru.

The vote also saw the election of three new local managing partners, who will all form part of the board of directors. Partner Andrés Sanfuentes was appointed managing partner in Chile, while Juan Carlos Rocha and Rafael Boisset are new managing partners in Colombia and Peru, respectively

Three additional board members have also been elected: Chile’s Carlos Alberto Reyes, Jorge Di Terlizzi in Colombia and Peru-based Walker Villanueva. The board will be joined by partners Salvador Sánchez Terán and Luis de Carlos on behalf of Spanish firm Uría Menéndez, which holds a 30% stake in PPU.

The new management committee is elected for a period of four years. The changes will take effect on 1 January 2021.

PPU’s new structure replaces the model set out when the firm was formed back in 2015. “Back then, we knew we would want to implement a new model reflecting the full integration and the regional structure of the firm,” says new managing partner Acero. “This new structure was designed to reflect the consolidation of PPU as a regional firm and to help achieve its objectives in the short and long terms.”

PPU was created through a merger of two top-tier Chilean and Colombian firms in 2015, which were joined by two Peruvian firms in 2016. The tie-up is backed by Iberian firm Uría Menéndez. The firm’s Chilean and Colombian offices feature among the Latin Lawyer Elite firms. PPU has offices in Chile’s capital Santiago and in Lima in Peru, while it boasts two outposts in Colombia, in Bogotá and Barranquilla. The firm is noted for its corporate and M&A, banking and project finance strengths across all three countries.

With a presence in three of the four Pacific Alliance countries, an expansion to Mexico has long been in the making for PPU. However, a move to Latin America’s second largest economy has been put on hold amid the covid-19 pandemic, and according to Armas it is unlikely to happen anytime soon.

Source: Latin Lawyer

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