Mr. Labaqui Palacio obtained a law degree from University of Buenos Aires (Universidad de Buenos Aires). He is also Director of Bapro Medios de Pago S.A., permanent statutory auditor of Bayfe S.A. Fondos Comunes de Inversión, director and member of the Supervisory Committee of J. Minetti S.A. and director of REM Sociedad de Bolsa S.A.