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PANAMA - Economy

Luis Laguerre

Senior Partner, KPMG in Panama & Chairman, KPMG Central America Business Unit (KCA)

Bio

Luis Laguerre has more than 35 years of experience advising companies in various industries. Prior to his appointment as Senior Partner of KPMG in Panama, he served as leader of the tax services practice. He was chairman of the board of directors of the Association of Certified Public Accountants of Panama and the American Chamber of Commerce and Industries of Panama (AmCham). In addition, he was a member of the board of the Panamanian Association of Business Executives (APEDE) and the Technical Accounting Board. Currently, he is president of the Association of American Chambers of Latin America and the Caribbean (AACCLA). Laguerre holds a bachelor’s degree in accounting from Universidad Santa María La Antigua and an MBA from Universidad Latinoamericana de Ciencias y Tecnología.

"KPMG in Panama has an extremely strong presence."
KPMG works as a trusted adviser to companies to provide services related to accounting, auditing, taxation, risk, business consulting, and much more.
What makes KPMG’s services stand out from others in Panama?

KPMG in Panama has an extremely strong presence. We are reaching our 65th anniversary in 2023, and it has gained the recognition of business particularly in the financial sector in Panama in which quality and integrity are the foundation among all the areas of our business. Our purpose unites us to continue being a trusted advisers to the public, private and non-governmental sectors in technical issues related to accounting, auditing, taxation, and risk and business consulting, with ethical professional execution for the benefit of our clients, the community and for the next generations of professionals looking to join our organization. We also help companies cope with the challenges posed by digitalization, helping them to transform their processes to be more competitive and protect themselves with cybersecurity.

What new trends are emerging in the market after the pandemic, and how is KPMG overcoming these trends?

We are working together with our clients to cope with the reactivation of the economy after the effects of the pandemic and the challenges of the current changing environment. As there is an increasing demand for transparency into how organizations use and protect the confidentially and integrity of personal data of everyday individuals, cyber security is rising to the top of the agenda. A well-protected business has the potential to inspire confidence and be agile. In that sense, KPMG helps companies create a resilient and trusted digital world, even in the face of evolving threats. We bring a combination of deep business knowledge, data-driven technology, and global alliances with a team of multidisciplinary professionals who are passionate about protecting and helping businesses. Together, we want to create a trusted digital world, so companies can push the limits of what is possible.

What collaboration does KPMG has with the World Economic Forum, and what benefits will it bring to its clients in terms of ESG?

On a global scale, KPMG has been working with the World Economic Forum to promote top priorities in terms of the social, governance, and environmental aspects. In that sense, from an introspective point of view, we are working hard to embed a culture where ESG serves as a watermark in everything that we do. Now, more than ever, it is important to establish an appropriate governance structure and integrate initiatives that mitigate companies’ environmental and social impacts. In that sense, KPMG can help clients to understand the risks and accompany them through the journey of designing the strategy around ESG to a sustainable transformation and reporting, mainly in the financial sector where there is greater demand for these solutions. There is also an increasing need to develop projects that are harmonized with ESG principles. It will become increasingly common for companies to comply with this in order to access capital in the coming years. However, many need to be aware of the concept of greenwashing. Companies must be truthful in what they are doing in order to increase trust. At the end of the day, the prosperity of our countries and our economies depend on trust—in the private sector, our public sector, and our society as a whole. The private sector has a great responsibility in that field, and KPMG views itself as providers of trust in terms of the financial information issued by corporations by helping companies comply with regulations and promote continuous improvements in all their processes.

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