) ▁is ▁an ▁econom ist ▁by ▁education ▁and ▁a ▁bank er ▁by ▁profession . ▁He ▁is ▁currently ▁Executive ▁Director ▁of ▁a ▁private , ▁non pro fit ▁foundation ▁in ▁Puerto ▁Rico . ▁He ▁entered ▁into ▁public ▁service ▁and ▁ran ▁for ▁an ▁elected ▁position ▁affili ated ▁with ▁the ▁Popular ▁Democratic ▁Party ▁of ▁Puerto ▁Rico ▁( P DP ). ▁ ▁He ▁ran ▁for ▁the ▁office ▁of ▁Res ident ▁Commission er ▁of ▁Puerto ▁Rico ▁in ▁the ▁United ▁States ▁Congress ▁in ▁the ▁ 2 0 0 8 ▁elections . ▁Prior ▁to ▁running ▁for ▁Congress , ▁he ▁served ▁as ▁Chair man ▁and ▁President ▁of ▁the ▁Puerto ▁Rico ▁Government ▁Development ▁Bank ▁( G DB ) ▁and ▁financial ▁ad visor ▁to ▁the ▁then ▁governor ▁of ▁Puerto ▁Rico , ▁An í bal ▁A ce ved o ▁Vil á . ▁He ▁had ▁previously ▁served ▁as ▁President ▁of ▁the ▁Puerto ▁Rico ▁Indust rial ▁Development ▁Company ▁and ▁G DB ▁president ▁during ▁the ▁first ▁administration ▁of ▁G ov . ▁Rafael ▁Hern ández ▁Col ón ▁in ▁the ▁mid ▁sevent ies ▁and ▁Head ▁of ▁the ▁Econom ic ▁Development ▁Administration ▁during ▁Hern ández ▁Col ón ▁third ▁administration . ▁ ▁Biography ▁Mr . ▁Sal azar ▁has ▁devoted ▁most ▁of ▁his ▁professional ▁life ▁to ▁commercial ▁and ▁invest ment ▁bank ing . ▁He ▁began ▁working ▁with ▁Ban co ▁Popular ▁de ▁Puerto ▁Rico ▁and ▁then ▁moved ▁on ▁to ▁the ▁Ch ase ▁Manh attan ▁Bank , ▁( today ▁J P ▁Morgan ▁Ch ase ), ▁where ▁he ▁occupied ▁several ▁executive ▁positions ▁including ▁Country ▁Head ▁in ▁Puerto ▁Rico , ▁Argentina ▁and ▁Brazil ▁from ▁ 1 9