Founding Partner Ignacio Alvarez Named Chief Legal Officer of Popular, Inc.

Ignacio Alvarez, one of the six founding partners of the Firm, will join Popular, Inc. as its Chief Legal Officer and Executive Vice President. This appointment is expected to become effective on or about June 21, 2010. Recognized by Chambers Global as “one of the best lawyers in Puerto Rico,” Ignacio is a brilliant lawyer and practical problem solver who has been an integral part of the Firm’s success for the past 18 years. Ignacio has had a diverse corporate practice, with an emphasis on corporate finance, banking, and general corporate representations. Jaime E. Santos, the Firm’s Managing Partner, said “We are very excited for Nacho as he takes on this important position at Popular. We will miss his many talents and key contributions. We are certain that Popular has acquired a great asset in Nacho.”