Mr. Bernáldez is a principal for CarVal Investors, responsible for leading investment strategy in emerging markets. Mr. Bernáldez joined Cargill in 1989 in its Emerging Markets Division in Argentina. He moved to Mexico in 1992 and Venezuela in 1994 working as a controller in the Financial Markets Group. In 1995, he joined the firm as an investment manager in Mexico, involved in loan portfolios, real estate and distressed corporate debt. In 1999, he moved to the U.S. where he led the emerging markets/corporate securities team. Fluent in English and Spanish, Mr. Bernáldez received his business administration degrees from Universidad de Belgrano, Argentina and holds a certified public accounting license (Contador Publico) in Argentina.