About

Ernesto Alfonso Carrasco joined Honduran financial holding Grupo Financiero Ficohsa in 2000 as deputy manager, and in 2006 assumed his role as legal director for the group’s banking arm, Banco Financiera Comercial Hondureña (Banco Fichosa). In his current role, Carrasco has 18 direct reports and leads legal aspects of all M&A negotiations. In 2014, Banco Ficohsa acquired the assets of Banco Citibank de Honduras (excluding Citi’s corporate banking arm) making it the largest bank in Honduras. This led to a “regionalisation” of the group’s structure and meant a reorganisation in the legal team. Carrasco is credited with changing the company’s relationship to external counsel, helping to significantly reduce external spend while improving response times in a number of jurisdictions. On his relationship with the CEO and other senior members of management Carrasco says he has a ‘dynamic, supportive, relationship based on trust. It is important to state that my ability to respond to various legal needs of the group come from a great support and trust received from our upper management’.