A sincere belief that all problems, no matter how complex, have a solution. That is the principle that guided Melba Acosta, appointed by Puerto Rico Governor, Alejandro García Padilla, to serve as Treasury Secretary and Chief Public Finance Officer, and more recently as President and Chairwoman of Puerto Rico’s Government Development Bank (GDB).
For her courage and dedication in taking on the largest fiscal crisis in Puerto Rico’s history, likened to Greece’s recent disastrous debt crisis, Melba was named “Public Person of the Year” in 2013, by Caribbean Business, Puerto Rico’s largest business newspaper.
As a Harvard-educated MBA, attorney, CPA, and notary with both public and private sector executive leadership experience, Melba’s career began as a tax consultant with Price Waterhouse. She has also worked as a corporate counsel for the largest law firm in Puerto Rico, gaining a great deal of experience in restructurings and mergers and acquisitions. Beyond this, Melba has held executive roles in both finance and operations, including CFO and CAO/COO of an NYSE-traded holding company of commercial banking entities, rounding out her experience in such key areas as strategic planning, risk management, compliance, accounting, and more.
"Take risks: if you win, you will be happy; if you lose, you will be wise." - Author unknown.
“Nothing will ever be attempted, if all possible objections must be first overcome.” — Samuel Johnson