October 1, 2014 - The Institute of International Finance today announced that Andrés Portilla has been promoted to Managing Director for Regulatory Affairs.

"Regulatory issues remain our top priority and I am pleased Andres will lead our advocacy efforts on behalf of our members," said Tim Adams, president and CEO of the IIF. "ndrés' experience and knowledge of these complex issues will allow us to work with our members and the regulatory community toward our common goal of a safe and sound financial system that promotes economic growth and job creation."

Portilla previously served as Director of Regulatory Affairs at the Institute. In that role, he helped lead advocacy efforts on issues related to prudential standards (both capital and liquidity) for banks and insurance companies, systemic risk, resolution, financial infrastructure, and issues around emerging market regulatory practices.

"The IIF has been a leading advocate on regulatory reform at the global level and we will continue to focus on the issues critical to our members," said Portilla. "I look forward to continuing to work with the IIF's leadership team on behalf of our members."

Portilla has over 20 years of experience on financial regulatory issues. In his native country, Colombia, he occupied positions in the regulatory affairs departments at the National Banking Association and commercial financial institutions.

Portilla holds a JD and a specialized Degree on Banking Law from University Rosario in Colombia, a Masters in Comparative Law from Pennsylvania State University and a MBA from Bocconi University in Italy.

Portilla replaces Kevin Nixon, who leaves the Institute to rejoin his family in Australia.

The Institute of International Finance is the global association of the financial industry, with close to 500 members from 70 countries. Its mission is to support the financial industry in the prudent management of risks; to develop sound industry practices; and to advocate for regulatory, financial and economic policies that are in the broad interests of its members and foster global financial stability and sustainable economic growth. Within its membership IIF counts commercial and investment banks, asset managers, insurance companies, sovereign wealth funds, hedge funds, central banks and development banks. For more information visit www.iif.com.