José Ricardo Sánchez Escobar – GC Powerlist
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Central America 2023

Financials

José Ricardo Sánchez Escobar

Director legal y gobierno corporativo, representante legal laboral y administrativo | Banco Davivienda Salvadoreño

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Central America 2023

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José Ricardo Sánchez Escobar

Director legal y gobierno corporativo, representante legal laboral y administrativo | Banco Davivienda Salvadoreño

Team size: 21

What has been the number one challenge that has impacted you over the past year?

Working within the financial system in El Salvador, the sector with the highest and strongest regulations, the number one challenge was to fulfill and surpass every requirement so that the regulators would approve the transformation of traditional financial products to digital financial products and offer them to the public so they could use these product through their electronic devices of choice.

In which ways have you attempted to bring the legal department closer to your business colleagues?

We come alongside the business colleagues with the birth of their products, co-create products with them through innovation, stay alongside them throughout the development of the product, support of pilot plans, and help seek approval from regulating entities.

What are some of the most significant cases and transactions you have been involved in recently?

Most recently, our legal team has been active in the production of deposit (savings) accounts with digital resources and in loans with digital acceptance.

José Ricardo Sánchez Escobar - Central America 2024

Director legal | Banco Davivienda Salvadoreño

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José Ricardo Sánchez Escobar - Central America 2022

Director legal y gobierno corporativo, representante legal laboral y administrativo | Banco Davivienda Salvadoreño

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