Alfredo Salazar (March 10, 1942, in San Juan, Puerto Rico – November 11, 2023) was an economist by education and a banker by profession.
He entered into public service and ran for an elected position affiliated with the Popular Democratic Party of Puerto Rico (PDP).
From 1993 to 1998, Mr. Salazar was based in New York as Managing Director in Investment Banking - Latin America for PaineWebber (today UBS).
He then returned to Puerto Rico as President of Palmas del Mar Properties, Inc., the real estate development company of the exclusive residential/resort complex in Humacao.
As such, he was responsible for negotiating land leases and overseeing construction of several hundred homes at the resort, as well as amenities such as the golf course and the beach club.
As Head of this Agency he was responsible for the acquisition, development, construction and management of industrial buildings to accommodate investors from the Mainland and from the Island.
[1] As Head of the bank, Mr. Salazar was responsible for financing major infrastructure projects of the Central Government and its public corporations.