People

Alberto Bacó-Bagué

Alberto Bacó-Bagué

Formal First Name
Alberto
Location

Alberto Bacó-Bagué was appointed Secretary of Economic Development and Commerce by the Governor of Puerto Rico, and in 2016, he also assumed responsibilities as Chairman and President of the Government Development Bank for Puerto Rico. Under his leadership, Puerto Rico’s economy grew into a second grand economic transformation, where knowledge and service impact and strengthen all industries, both traditional and emerging ones. Alberto is an attorney, CPA, and entrepreneur with over 40 years of industry experience and a successful career in company turnarounds, restructuring and senior management, in both public and private sectors. During his career, Alberto has shown particular interest in supporting the development of venture capital in Puerto Rico, being co-investor of various projects. He has been recognized for his public speaking skills, which have permitted him to participate in important business forums around the world. In addition, Alberto is the Founder and General Director of the Partnership for Modern Puerto Rico (PMPR), a forum that promotes authentic connections among passionate leaders and influencers.

PUERTO RICO KEY INITIATIVES

  • Laws 20 and 22 program

  • Parallel 18 startup accelerator

  • Puerto Rico Science and Technology Trust

  • Aerospace cluster consolidation with the promotion of Honeywell

  • Creation of a sector with the promotion of the MRO

  • Reversed negative trend in tourism

  • Cannabis industry

  • Promotion of international offices

  • Medical tourism


EARLY CAREER

  • From 1998 to 2011, Alberto worked as President and Chief Executive Officer of Marvel International and Bohio International.

  • After leaving the public service, he established his own independent practice focused on advisory for business restructuring, acquisitions and sales, corporate finance and government affairs, access to capital, and financing.

  • In 1989, he was appointed Executive Vice President of the Economic Development Bank of Puerto Rico.

  • He then was appointed as President of the Economic Development Bank between 1990 and 1993.

  • Between 1979 and 1989, he earned great experience while holding several positions in law firms, international accounting firms, and government agencies.


CURRENT APPOINTMENTS

  • Chairman & Board Member, Young Presidents Organization (Puerto Rico)

  • Board of Directors, PRASC Holding Corp.

  • Board of Directors, MCS Puerto Rico

  • Board of Directors, Grupo Ferre Rangel

  • Founding Director, Partnership for Modern Puerto Rico

  • Board Member and Investor, Vista Ophthalmic Ambulatory Center

  • International Partner, GXG

  • Board Member, Advantage Insurance

  • Board Member, The Winterbotham Trust Company


EDUCATION

  • Juris Doctor - General Law, Universidad de Puerto Rico

  • BBA - Accounting and Finance, Universidad de Puerto Rico


MEDIA

  • He has appeared as a guest on Real Vision.