Alfredo Salazar (born in San Juan Puerto Rico) is an economist by education and a banker by profession. He is currently retired. He entered into public service and ran for an elected position affiliated with the Popular Democratic Party of Puerto Rico (PDP). He ran for the office of Resident Commissioner of Puerto Rico in the United States Congress in the 2008 elections. Prior to running for Congress, he served as Chairman and President of the Puerto Rico Government Development Bank (GDB) and financial advisor to the then governor of Puerto Rico, Aníbal Acevedo Vilá. He had previously served as President of the Puerto Rico Industrial Development Company and GDB president during the first administration of Gov. Rafael Hernández Colón in the mid seventies and Head of the Economic Development Administration during Hernández Colón third administration. Biography Mr. Salazar has devoted most of his professional life to commercial and investment banking. He began working with Banco Popular de Puerto Rico and then moved on to the Chase Manhattan Bank, (today JP Morgan Chase), where he occupied several executive positions including Country Head in Puerto Rico, Argentina and Brazil from 1977 to 1988. In 1989 he was appointed President of Banco de Ponce, the second largest commercial bank in Puerto Rico, just before it merged into Banco Popular. 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. Throughout his professional career, Mr. Salazar has occupied several positions in the public sector. From 1971 to 1974, he was appointed Vice President of Finance and later promoted to President and General Manager of the Puerto Rico Industrial Company, Puerto Rico's largest real estate holding company. 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. Puerto Rico Industrial Development Company owned at the time in excess of 120 million square feet of industrial space in Puerto Rico. In 1975 he transferred to