Hogan Lovells has picked Hong Kong-based Miguel Zaldivar, who currently serves as chief executive for the Asia Pacific Middle East region, as its next CEO.
Zaldivar, who will serve a four year term, was unanimously recommended for the position by the firm’s board. His appointment remains subject to a confirmation vote by partners, which is slated for December.
He will replace outgoing CEO Steve Immelt, who will have served in the role for six years.
“Miguel has a long commitment to the firm and has a clear sense of his priorities as our proposed CEO including among others, focusing on client service, investment in our key markets, incentivizing collaboration across the partnership, managing our profitability and supporting diversity & inclusion,” Hogan Lovells chair Leopold von Gerlach said in a statement.
A specialist in international project development and finance, Zaldivar has closed many complex multi-billion dollar transactions over the course of this career.
He represented Pemex in the development of a $2 billion large-scale Olefins production complex in Mexico, and advised Ecuador in securing a $1.7 billion loan from the Export-Import Bank of China for the construction of the Coca Codo hydroelectric project, among other matters.
His clients have also included governments of the Dominican Republic, Honduras, Panama and Venezuela, AES, American Airlines, the Central American Bottling Corporation, Mitsubishi, Koch, Spotify, Tidewater, Walmart, as well the Mexican, Venezuelan and Ecuadorian state-owned petroleum companies, PDVSA, PetroEcuador and PetroAmazonas.
Zaldivar has also led complex cross-border project financings with the China Development Bank, the European Investment Bank, Goldman Sachs International, IDB, IFC, Japan Bank of International Cooperation, and Russia’s Eximbank, among other financial institutions.
Before leading the Asia Pacific Middle East region, Zaldivar served as a member of the firm’s Global Board of Directors, was co-head of the infrastructure, energy, resources and projects practice group, and co-led the firm’s Latin American practice group.
David Hudd, Hogan Lovells deputy CEO, will also be ending a six-year term alongside Steve Immelt. His successor has not yet been named.