About

Daphne Zagal held in-house positions at Suez Energy (Peru) and Shell (Peru), before arriving as head of legal and compliance at pension fund manager AFP Intergra in 2006. Late in 2013 she was appointed vice president of legal and compliance with responsibilities vis-a-vis the parent entity, Grupo Sura, with her role expanding to cover the insurance, fund administration and mortgage arms of the group. On her watch, Integra has been recognised by the corporate good governance index of the Peruvian Stock market for the last three years running, placing it among the top 25 companies in the country. Externally, Zagal has had key involvement in a number of major transactions, including the acquisition of Seguros Invita (now Seguros Sura) in 2012, and in conjunction with Scotiabanks’s Profuturo AFP, that of BBVA’s Peruvian pension fund manager AFP Horizonte. The latter transaction, the complexity of which was heightened by time limitations (it was finally closed within three months), was subsequently voted the most important Peruvian deal of the year in a PwC poll. Zagal, who now heads a 15-strong team, oversaw the development of her department as it undertook the step change from advising a single AFP to all four branches of Sura’s Peruvian holdings. And while the adjustment to being a strategic partner ‘so as to make tangible the added-value of the legal function’ has perhaps been one of the greatest challenges in her role, she regards the opportunity to address the four businesses concurrently as ‘enormously enriching’ to her career.