In Memoriam


The Cuban Banking Study Group has been fortunate and honored to count on the support of many distinguished and dedicated persons on its Board of Directors for many years.  Three of these were Founding Members of our Group.  They freely devoted their time to our objectives and Mission, and their legacy will endure and inspire those who follow.  We honor those who have passed with a special mention.  They will never be forgotten.

Carlos Fernández, CPA
Carlos Fernández, CPA was a founding member of the Cuban Banking Study Group and its first Treasurer. He graduated from the University of Havana, Cuba in 1960 and obtained a degree in Business Administration from the University of Florida in 1963. Carlos was a Partner and Managing Director of KPMG (formerly Peat Marwick & Mitchell) for 33 years between 1971 and 2004 where he headed the growing auditing and consulting division for international banks in Florida. After his final retirement from KPMG in 2004, he set up his own Public Accounting and Banking Consultant firm in Key Biscayne, Florida. However, he also found time to work with the Sociedad Interamericana de Prensa (Interamerican Press Association).
George R. Harper, Esq.
Founding member of the Board of Directors and Secretary of the Cuban Banking Study Group (CBSG). George R. Harper was Chairman of the Miami law firm Harper Meyer Perez Hagen O'Connor Albert & Dribin LLP and a leading attorney in business transactions with Latin America, especially in the commercial aviation field. Among other civic and community involvements, George was President of the Inter-American Bar Association and chaired the University of Miami Alumni Association. He was a founder of the Cuban Claims Association and had a keen interest in all matters related to his native Cuba, which he visited on various occasions in later years to gain a better understanding of its legal environment and the changes that would be necessary to facilitate an orderly growth of private economic development.
Brent Scowcroft

Brent Scowcroft, played a prominent role in American foreign policy as national security adviser to Presidents Gerald Ford and George H.W. Bush and was a Republican voice against the 2003 invasion of Iraq

Mr. Scowcroft died on August 6, 2020 of natural causes at his home in Falls Church, Va.

Mr. Scowcroft was the only person to serve as national security adviser to two different administrations. His appointment by Ford in 1975 came as Mr. Scowcroft retired from the Air Force with the rank of lieutenant general. He advised Bush, by then a close friend, during the four years of the Bush administration, 1989-93.assisted us

Mr. Scowcroft served as Chairman of the Cuban Banking Study Group almost from its inception and provided valuable assistance during our early deliberations We are indebted to him and will always remember his kind, but firm disposition and valuable assistance.

Raúl M. Shelton, Ph.D.
Founding member of the Board of Directors of the Cuban Banking Study Group (CBSG). Raúl M. Shelton taught at Saint Thomas Catholic University in Havana, Cuba from 1951 to 1961, the year he was forced into exile. He continued his studies in Economics at the University of Miami, where he obtained his M.A. and Ph.D. in Economics. Raúl was Professor Emeritus of Saint Thomas University, Miami, FL. He wrote and published several books, including "Cuba y su Cultura" and "Labor Conditions in Communist Cuba." He coauthored "Cuba y su Historia" (three-volume set). Raúl was a Director of Banco de Fomento Agrícola e Industrial de Cuba (BANFAIC) in Cuba and owned a successful Mercedes Benz distributorship in Havana. An intensive tennis player and accomplished painter, he was passionate about the Cuban banking and financial system and was a prime driver in the formation of the CBSG.
Raul G. Valdés-Fauli
Raúl G. Valdés-Fauli was President and CEO of Professional Bank, Coral Gables, FL. His great love for the arts and humanities led him to be a member of the Board of Adrienne Arsht Performing Arts Center, Miami, FL; Chairman of the Board of Big Brothers and Big Sisters of Greater Miami; and a Peace Corp volunteer in Honduras. Raúl was one of the younger and recent CBSG Board members but quickly became an active participant in the group's activities. Due to his interest and love for Cuba, he participated in the workshop organized by the CBSG in Havana in July, 2016.