Tuesday, November 29, 2022

Joel Santos swears in Ernesto Bournigal as Superintendent of the Stock Market

The Minister of the Presidency, Joel Santos Echavarría, swore in this Tuesday the new superintendent of the Dominican Republic Stock Market, Ernesto Bournigal Read, who was appointed by the President of the Republic, Luis Abinader, by decree 696-22.

Upon taking the oath, Santos Echavarría expressed all the support of the Ministry of the Presidency (Minpre) and the Securities Market Council for the functions that he will carry out from now on.

The official also expressed the results achieved by the Stock Market, highlighting the work of the outgoing superintendent, Gabriel Castro, who in his administration (2012-2022), was a promoter of important initiatives that strengthened the sector in the country.

On his side, Bournigal Read, upon being sworn in, thanked the President of the Republic, Luis Abinader, for the trust placed in him to hold the position.

“I receive a mature institution, with highly professional staff who have led it to what it is today in ten years, and we will continue to develop it. We are going to create efficiency mechanisms and incentives so that the bureaucracy that many times for the participants are obstacles is eliminated as much as possible, but always taking into account the main objective in the Stock Market, the protection of the investor, ”he said. the.

The swearing-in ceremony was held in the office of the Superintendent of the Stock Market, which was attended by, in addition to Minister Santos Echavarría, members of the National Stock Market Council (CNMV); Ervin Novas Bello, president of the CNMV and María José Martínez, representative of the Ministry of Finance.

Professional profile of Ernesto Bournigal Read

He is a lawyer, graduated with honors from the Universidad Iberoamericana (UNIBE) in Santo Domingo, in 2003. He has a master’s degree (LLM) in Banking and Finance Law, with a concentration in Project Finance and Capital Markets from Boston University. , Mass.

During his professional practice, he has concentrated his legal practice on aspects of corporate law, mainly in the area of ​​financial law, financing of infrastructure projects, acquisitions and the stock market.

Bournigal served as Cabinet Director of the Administrative Ministry of the Presidency (2021-2022), and has been part of important legal services firms in the country, including Oficina Bobadilla and OMG.

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