Fernando L. Batlle
Senior Managing Director

Former Executive Leadership; Distressed Debt Restructuring; Turnaround Execution

Fernando Batlle is a Senior Managing Director at Ankura, based in the Boston office. He has more than two decades of executive experience in both the private and public sector, with a track record of executing turnarounds and growing businesses. He has held senior leadership positions in commercial and investment banking, securities brokerage, asset management, and public finance. His areas of expertise encompass financial services, public-private partnerships, energy, hospitality financing, capital markets, and restructuring distressed debt.

 

  • Experience

    Fernando’s professional experience includes:

    • Santander Securities:  As president and CEO, he spearheaded the expansion from a single office to overseeing 640 registered representatives operating in seven northeastern states, Puerto Rico, and Miami, with $11 billion in assets under management.  He rebuilt the company’s compliance and risk-management programs, and restructured a business division, lowering operating expenses there by 60 percent.
    • Government Development Bank for Puerto Rico (GDB): Served as executive vice president of financing and treasury, and as chairman of the public-private partnership committees responsible for airport, water, and energy concessions. Fernando actively participated in the design and implementation of new credit and pricing policies, and oversaw more than two dozen capital market and bank financing transactions. He improved the bank’s performance by recapitalizing the balance sheet with $450 million in capital and permanent liquidity and restructuring more than $600 million in credits. As a result of these efforts, Standard & Poor’s upgraded its rating of Puerto Rico’s General Obligation bonds for the first time in 28 years.
    • First Bancorp: Served in a series of C-suite positions at the holding’s retail bank, FirstBank Puerto Rico, and its credit, asset-liability management, information technology, and risk management committees. Fernando also served as president, chief operating officer, and board member at the FirstMortgage, First Express, First Trade, and First Insurance Agency VI subsidiaries, and was a member of the boards of the insurance, international banking, and auto finance subsidiaries.
    • FirstBank Puerto Rico: Oversaw the first sale of asset-backed security and subordinated debt in US capital markets by a Puerto Rican financial institution. He also implemented successful trading and options programs and led an international expansion by establishing FirstBank Overseas Corp.
    • FirstBank VI: His initiatives and acquisitions transformed FirstBank into the largest full-service bank in the US Virgin Islands, with 12 branches and $1 billion in assets by 2005, from just two branches and $50 million in assets in 2002.  A process-reengineering project at the retail branch network generated more than $5 million in cost savings.
    • Money Express: Through a complete restructuring, Fernando returned Puerto Rico’s second-largest consumer finance company to profitability in less than three years.

  • In the community

    • Trustee-Puerto Rico Museum of Art