Panama City

+507 205 7000

Highly regarded


Bar admissions:

New York



Practice areas:

Capital markets

Ricardo M. Arango joined the firm in 1987 and became a partner in 1995. 

He is Co-Managing Partner and member of the firm’s Executive Committee. He also heads the Capital Markets & Banking Practice Group and the Mergers & Acquisitions Practice Group. 

Widely recognized for years as one of Panama’s preeminent capital markets experts, he has also been commended for his leading role in many of the largest and most complex financial and M&A deals in Panama and the Central America region: the Republic of Panama’s Brady Bonds offer; the first securitizations of credit cards receivables, toll road payments, DPRs and residential mortgages in Panama; the IPOs of Bladex, COPA and Panamerican Beverages on the NYSE; Telefónica’s acquisition of BellSouth; the public tender offer by Bancolombia of Banagrícola; and the merger between Banco General and Banco Continental, resulting in Panama’s largest bank. 

Mr. Arango has been instrumental in creating many of the financial structures that are now common in Panama. He spearheaded, the 1999 Presidential Commissions that drafted Panama’s current securities act and later on drafted the rules of operation of LatinClear, Panama’s clearing and settlement agency. 

In the area of capital markets and banking, Mr. Arango regularly advises clients in connection with medium term note programs, commercial paper programs, syndicated term and revolving loan agreements, project and structured financing, 144-A Reg-S notes, securitizations, and initial public offerings. 

In the area of merger and acquisitions, he regularly advises clients in connection with stock purchase agreements, asset purchase agreements, and merger agreements. 

Prior to joining the firm, Mr. Arango worked in New York. 

  • Master of Laws, Yale Law School (1985) (concentration on securities regulations and finance law), Fulbright Scholar 
  • Master of Laws, Harvard Law School (1984) (concentration on corporate law), Fulbright Scholar 
  • Bachelor of Law and Political Sciences, sigma lambda , Panama University (1983)

  • Director of the Panama Canal Authority (2016-2024) 
  • Director of Banco General (2012-present) 
  • Director of Banco Latinoamericano de Comercio Exterior, a NYSE-listed company (2002-present); and Secretay (2002-2016) 
  • Director of Corporación La Prensa (2002-2016) 
  • Director of The Panama Stock Exchange (1995-2016) and Chairman (2007-2011) 
  • Member of Consejo Empresarial de América Latina

  • Panama
  • New York

  • Banking and Finance
  • Mergers, Acquisitions and Joint-Ventures
  • Securities Regulation
  • Taxation