Algon Expands International Advisory Capabilities with the Addition of Luis Liberman, Former Vice President of Costa Rica and Prominent Banking Executive

NEW YORK and ATLANTA, Sept. 3, 2014 /PRNewswire/ -- Algon Group announced today that Luis Liberman, a prominent business executive and banking Chief Executive Officer in Central America and the Caribbean, has joined Algon as Vice Chairman.

Mr. Liberman was Vice President of the Republic of Costa Rica until May of 2014. Prior to his public service, he had a long banking career beginning with the founding of Corporacion Interfin in 1979, where he was Chief Executive Officer. In 2006 the bank was acquired by The Bank of Nova Scotia and Mr. Liberman became Chief Executive Officer of Scotiabank Costa Rica, and Chairman of Scotiabank El Salvador until September 2009.

Corporacion Interfin's operations included commercial banking, leasing and securities brokerage and it was one of the region's most prominent financial institutions.

Mr. Liberman has worked with many of the leading companies in Central America and the Caribbean as well as top government officials throughout the region.  He has also worked with large multinational companies that have significant operations in the region, including 3M, Bridgestone Corporation, Chiquita Brands, DHL, and Western Union.

Mr. Liberman was a professor of Economics at the University of Costa Rica for 25 years and has been a member of the board of directors of Compania Nacional de Fuerza y Luz, Instituto Costarricense de Electricidad, Grupo La Nacion, and has been Chairman of the Board of the Costa Rican Bankers Association, and Bolsa Nacional de Valores, the national securities exchange.  Mr. Liberman has spoken at the World Economic Forum and the Columbia University Latin American Business Association Annual Conference.

"I am very pleased to expand my relationship with Algon. I have known and worked with the principals of Algon for 20 years in a variety of challenging assignments for our mutual clients.  Algon is well known for providing creative and highly sophisticated financial advisory services in challenging, unique and complex situations, with a personalized approach not always found anymore with larger financial institutions," Liberman said.

Troy Taylor, President of Algon said, "The addition of Luis allows us to expand our presence in Central and the Caribbean and provide sophisticated investment banking services to leading family owned and public companies in the region.  After working with Luis for years on several high profile transactions, it is a pleasure to officially be working together at Algon.  We are honored to have the opportunity to continue to work closely with him."

Mr. Liberman received a B.S. in Economics from the University of California at Los Angeles and a PhD. in Economics from the University of Illinois, where he was an instructor and University Fellow.  After graduation he worked at the World Bank until 1975 when he returned to Costa Rica.

About Algon
Algon Group (www.algongroup.com) is a specialized financial advisory firm that provides sophisticated financial analysis and advisory services including financings, mergers and acquisitions and restructurings.  Algon professionals each have decades of investment banking experience and, in aggregate, have handled transactions in excess of $20 billion during their collective careers.  Algon has handled over $3.7 billion in various assignments on behalf of both public and private entities over the last four years.  In the United States, the firm operates on a national basis and has professionals in New York, Atlanta, Birmingham, Miami, Phoenix, Philadelphia and Tampa Bay, and in San Jose, Costa Rica.

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SOURCE Algon Group