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GM Changes, de la Torre Replaces Perry 

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Key appointments and promotions in Latin American business and technology.

BY CHRONICLE STAFF

Executive Changes at GM in Latin America
Jaime Ardila
has been named president and managing director of GM do Brasil, the large subsidiary of General Motors in the South American nation. Ardila replaces Ray G. Young, who has been named group vice president for finance at GM. Previously Ardila worked as vice president and CFO for GM Latin America, Africa and the Middle East.  Replacing Ardila will be Joe Fleck, who has worked as GM's executive director fort global product development.

De La Torre Replaces Perry
Augusto de la Torre,
a former president of Ecuador's central bank, has been named Chief Economist for Latin American and the Caribbean, replacing Guillermo Perry, who resigned last month (see Perry: Inequality Spurs Populism). Previously, de la Torre served as the bank's senior advisor in charge of the financial systems department and senior financial sector advisor for Latin America and the Caribbean. De la Torre, who headed up Ecuador's central bank between 1993 and 1996, was chosen as Best Latin Central Banker by Euromoney magazine in 1996. He also served with the IMF between 1986 and 1992, including as resident representative in Venezuela. De la Torre earned his M.A. and Ph.D. degrees in economics and the University of Notre Dame and holds a Licenciatura in Philosophy from the Catholic University of Ecuador.

Villar To BNP Paribas
Esteban Villar
has been named director and Latin American salesperson in the equity structured products sales group for the Americas platform of BNP Paribas . Based in Buenos Aires, Argentina he will cover the Bank’s clients in Argentina, Chile, Peru and Uruguay. Esteban's career spans almost 15 years in New York and Buenos Aires at companies including Deutsche Bank, UBS, HSBC, Merrill Lynch and Banco CMF S.A.

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