Federico Bolaños, who had been working as Manager of the BAM Personal Banking Division, has more than 15 years of experience in the financial sector. He has master's degrees in Applied Economics and Business Administration from the Texas A & M combined program, a Postgraduate degree in Risk and Finance from Universidad Francisco Marroquín and is a candidate for a PhD in business administration from the Swiss Management Center. He is member of the Board of Directors of Transacciones y Transferencias “5B” and of the Universidad del Valle de Guatemala.