Javier D. Ferrer has been named the next president of the Government Development Bank for Puerto Rico, the commonwealth's financing arm, according to a spokesman for Governor-elect Alejandro Garcia Padilla.

Ferrer, a corporate lawyer at Pietrantoni Mendez & Alvarez LLC in San Juan, will help oversee the commonwealth's debt issuance. The Havana native graduated from Harvard University in 1983 and earned a law degree at Boston College in 1986, according to a bio on the website of his firm.

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