Sigfredo Vélez, CPA
Audit and Business Advisory Shareholder
A very well diversified CPA, driven and successful entrepreneur who started his business ventures very early, and now has over 25 years of experience in public accounting, financial institutions management and privately-owned enterprises. Sigfredo has extensive experience leading audit and business advisory engagements for mutual funds, employee benefit plans, mortgage bankers and financial institutions, waste management, retail and distribution, real estate, services, and manufacturing sectors. He served as Vice President and Sub Director of Santander Trust (2004 – 2006) where he oversaw the operations, compliance, and reporting of a banking unit with $4 Billion in assets under management, having the oversight of employee benefit plans, corporate trusts, mutual funds administration, and IRA accounts, among others. During this time, Sigfredo gained hands-on experience in complex operations, such as: the administration of public debt issuances and collateralized debt instruments, mutual funds pricing, electronic and physical custody of financial instruments, among others bringing experience of the operational side of the funds.
He was also in charge of the transfer agency and paying agent functions operations for the First PR Family of Funds and performed collateral quality verifications for the Santander Funds. Also, he started his professional career in Price Waterhouse (now PwC), San Juan office, where he spent 6 years, from entry-level until manager promotion in 2002. And, while at PwC, Sigfredo also served as national instructor for the PwC Learning and Education Team in Puerto Rico, Boston, and New Jersey.
