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December 22,  2003

SN-55/03-04

 

Recognition to Eloy Mestre
from the members of the
Retirement and Pension Fund Committee

The members of the Retirement and Pension Fund Committee, through its Chairman, Ambassador Michael I. King, have the pleasure to present this public recognition to Mr. Eloy Mestre, who will end in his functions as a Secretary–Treasurer of the Retirement and Pension Fund on December 29, 2003.

Throughout his 33 years of service at the Organization of American States, and particularly during the period he served as Secretary–Treasurer of the Fund, Mr. Mestre has been the perfect model of the high ideals comprehended in the behavior of an international organization employee. His integrity, honesty, intelligence and perseverance were not only fundamental tools for discharging the duties of a position that requires the highest levels of efficiency and responsibility, but also characteristics that earned him the respect and recognition of the employees of the Fund’s sponsoring institutions[1], his collaborators, a large number of professionals in the finance and investment field, and, in particular, of the members of this Committee.

During his expert management in the post of Secretary–Treasurer of the Retirement and Pension Fund, Mr. Mestre has wisely and precisely guided and advised the Committee during many technical and political decision-making processes, allowing the Fund to cope with an unprecedented situation in the markets history, namely, the sustained decline inflicted in the markets since March, 2000 until the beginning of the current year. Even under the most adverse of the situations, the Fund not only maintained its actuarial and financial health, but also counted with the necessary resources to ensure successful retirements and pensions for a large number of employees of the Retirement and Pension Plan sponsoring institutions.

It is remarkable that the doors of both his office and his extensive knowledge have always been widely open to satisfy the questions and concerns of anyone who wished to consult him, cementing a long tradition of service and dedication to the Fund’s participants, not only on topics concerning the Plan, but on many others in which the great experience and deep knowledge of Mr. Mestre have always been openly shared.

On December 30, 2003, Mr. Mestre will begin to enjoy a new stage in his life. However, he will keep in touch with the Retirement and Pension Fund, since he will become one more of the numerous pensioners who receive a duly earned monthly pension.

At the beginning of this new stage, it is the wish of the Committee members to present this acknowledgement for the outstanding way in which he discharged his duties, and to wish him the greatest success in his future endeavors. 

[1] OAS, Inter-American Institute for Cooperation on Agriculture, Inter-American Court of Human Rights, and the Inter-American Defense Board.

 

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