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Www afp cuprum cl7/14/2023 He actively participated in the design of the legal and tax strategy followed by the insurance industry to resolve the dispute with the Internal Revenue Service regarding the tax treatment of changes in the mortality tables applicable to the establishment of technical reserves associated with the sale of retirement annuities.Īugust – December 2011. He conceived the legal and tax strategy followed by the insurance industry to overcome the uncertainties created by Law 20,552 regarding the taxation of life insurance policies authorized to be voluntary retirement savings plans. He led the design of the legal and tax strategy for taking over control of AFP Cuprum, including negotiation of the stock purchase agreement with the representatives of the Penta Group, securing authorization of the transaction by the Pension Commission, launching the Public Stock Purchase Offer (OPA), and creating synergies after the OPA.ĭecember 2011 – July 2012. He led the strategy for discussion and disputes related to the merger and acquisition of AFP Cuprum. He earned his degree from the Pontifical Catholic University of Chile and undertook complementary education in financial law, corporate governance and taxation in the United States and in Chile. He is a member of the Advisory Board of the International Institute for Management in the United States of America. ![]() He was a member of the Legal Committees of the Chilean Insurers Association, the Chilean Mutual Fund Managers Association and the American-Chilean Chamber of Commerce (AMCHAM). and of several insurance companies and general fund managers. He has led strategy in crises and highly complex disputes associated with the discussion of, and litigation related to, the acquisition and subsequent merger of AFP Cuprum by Principal Institutional of Chile and he has headed regulatory compliance programs in Chile and abroad concerning the FCPA, SOX, anti-boycott laws, OFAC, Dodd-Frank, FATCA, UK Bribery Acts and CRS. He has been counsel in mergers and acquisitions, both local and international, and in the design of diverse financial, insurance, investment vehicle and finance structure products. ![]() He has more than 20 years of experience in the financial market, leading legal and compliance teams of international financial conglomerates with a presence in Chile. Before joining Puga & Ortiz, he was Corporate Legal Manager and Chief Compliance Officer of Principal Financial Group Chile for 17 years, a group that offers a wide range of services involving pension fund management, life insurance, mutual fund, investment fund and asset management to institutional investors, family offices and retail clients.
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