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Guillermo Avellán Solines
General Manager of the Central Bank of Ecuador


Graduated in Administration and Economics from the University of Richmond in the United States. He has a master's degree in Economic Analysis from the Barcelona Graduate School of Economics in Spain. In addition, he has studied in the Stock Market Specialization Program, in the Guayaquil Stock Exchange, Ecuador.

He has been director of research at Ecuador Libre Foundation (2018-2021), director of studies and projects at the Guayaquil Chamber of Commerce (2016-2017); Senior Analyst of the Market Risk and Liquidity Division of Banco Bolivariano C.A (2016); consultant for the Spurrier Group (2016); Corporate Banking analyst at Citibank N. A, Ecuador branch (2013-2014); Administrator of the International Portfolio and Liquidity Fund, and analyst of international markets of the Central Bank of Ecuador (2010-2013). He has published editorials in Diario El Universo and La República Ec.

He was professor and associate researcher at the Research Center of the Espíritu Santo University of Specialties (2018-present). Professor of macroeconomics, microeconomics, public finance, financial mathematics and corporate finance. Director of the research project "Macroeconomic Uncertainty Index for Ecuador".

He was professor and researcher at Humane School of Business (2016-2018), research publications on social entrepreneurship, labor inclusion and macroeconomic issues. Professor of Economic Analysis of the Company and Economic Environment.

He was the best student of the Stock Market Specialization Program, Guayaquil Stock Exchange (2021). He got "Omicron Delta Epsilon" graduation award for high academic merit in economics (2010) and Wallenstein Award from the Virginia Association of Social Sciences for the best university thesis (2010). He was academic excellence scholarship at the Tecnológico de Monterrey (2006-2007).

Jorge Ponce Donoso
Deputy Manager of the Central Bank of Ecuador

He is a Commercial Engineer from the Universidad del Pacífico (1999) and a Master in Business Administration (MBA) from the Pontifical Catholic University of Chile (2004). He obtained a Technology degree in Finance from Junior College (1996).

He joined the Central Bank of Ecuador on July 18, 1988. He began his work in the Issuance Department, later in the External Credits, Money and Exchange Tables Deputy Management Office as a trader and head of the Treasury Department. He also worked as a trader of the International Reserve Portfolio, in the Investments Directorate, as a trader of the Reserve Investment Portfolio, Director of Investments and National Director of Reserve Management; and, finally, in the Directorate of Monetary and Financial Programming and Regulation as Head of Regulation Management.

He currently works as Deputy General Manager of the Central Bank of Ecuador.

John Arroyo Jácome
Deputy Manager of Services


Commercial Engineer graduated from the Pontifical Catholic University of Ecuador. He has a Master's Degree in Finance from the Instituto Tecnológico Autónomo of Mexico. 

He has extensive professional experience in public management, finance, popular and solidarity economy, economic policy, control and supervision processes, banking operations, risk measurement, payment systems and laws. 

In his work experience, he has held positions as Intendant of Strengthening and Control Mechanisms, Intendant of Risks and Advisor to the General Technical Intendant in the Superintendence of Popular and Solidarity Economy. He was Director of National Banking Services, Director of Investments, Banking General Director, Director of Risks, among others in the Central Bank of Ecuador. 

He currently works as Deputy Manager of Services at the same institution.

Gina Torres Cumbicus
Deputy Manager of Programming and Monetary Financial Regulation


Pablo Grijalva Bautista
Deputy Manager of Operations

He is a Commercial Engineer with a Specialization in Finance and Marketing from the Army Polytechnic University and a Master's in Business Administration with a specialization in Finance from Campbell University in the United States. He is also a Systems Analyst and Programming Technologist from ESPE.

He has extensive experience in the public and private sectors. He is an expert in the administration and investment of financial assets in the international and national financial markets.

He has 20 years of experience managing the Reserves of the Central Bank of Ecuador, where he also held important positions such as Director of Investments, National Director of Reserve Management, Responsible for International Financial Risks, Trader of the Money and Exchange Desk, and Internal Auditor, among others.

He was National Manager of Risks and Income Assurance in the National Telecommunications Corporation CNT EP, Control and Intervention Intendant of Quito in the Superintendence of Companies and General Manager of the Grijalva Espín Economic Group.

He currently works as Deputy Manager of Operations at the Central Bank of Ecuador.