7 7 ▁to ▁ 1 9 8 8 . ▁In ▁ 1 9 8 9 ▁he ▁was ▁appointed ▁President ▁of ▁Ban co ▁de ▁P once , ▁the ▁second ▁largest ▁commercial ▁bank ▁in ▁Puerto ▁Rico , ▁just ▁before ▁it ▁merged ▁into ▁Ban co ▁Popular . ▁ ▁From ▁ 1 9 9 3 ▁to ▁ 1 9 9 8 , ▁Mr . ▁Sal azar ▁was ▁based ▁in ▁New ▁York ▁as ▁Man aging ▁Director ▁in ▁In vest ment ▁Bank ing ▁- ▁Latin ▁America ▁for ▁Pa ine Web ber ▁( today ▁U BS ). ▁He ▁then ▁returned ▁to ▁Puerto ▁Rico ▁as ▁President ▁of ▁Pal mas ▁del ▁Mar ▁Properties , ▁Inc ., ▁the ▁real ▁estate ▁development ▁company ▁of ▁the ▁exclusive ▁resident ial / res ort ▁complex ▁in ▁Hum ac ao . ▁ ▁As ▁such , ▁he ▁was ▁responsible ▁for ▁negoti ating ▁land ▁le ases ▁and ▁over see ing ▁construction ▁of ▁several ▁hundred ▁homes ▁at ▁the ▁resort , ▁as ▁well ▁as ▁amen ities ▁such ▁as ▁the ▁golf ▁course ▁and ▁the ▁beach ▁club . ▁Through out ▁his ▁professional ▁career , ▁Mr . ▁Sal azar ▁has ▁occupied ▁several ▁positions ▁in ▁the ▁public ▁sector . ▁From ▁ 1 9 7 1 ▁to ▁ 1 9 7 4 , ▁he ▁was ▁appointed ▁Vice ▁President ▁of ▁Fin ance ▁and ▁later ▁promoted ▁to ▁President ▁and ▁General ▁Manager ▁of ▁the ▁Puerto ▁Rico ▁Indust rial ▁Company , ▁Puerto ▁Rico ' s ▁largest ▁real ▁estate ▁holding ▁company . ▁As ▁Head ▁of ▁this ▁Agency ▁he ▁was ▁responsible ▁for ▁the ▁ac quisition , ▁development , ▁construction ▁and ▁management ▁of ▁industrial