Governor Patrick appoints Marcel Quiroga to board of trustees

Marcel Quiroga

Governor Deval Patrick recently appointed Marcel V. Quiroga, of Marblehead, to the Salem State University Board of Trustees. Ms. Quiroga, vice president of wealth management services at Capital Formation Group in Wellesley, was sworn in on June 8, and brings to the board over 15 years of financial services and wealth management experience.

Quiroga received her bachelor’s degree in business administration with honors from Universidad Privada Boliviana in Cochabamba, Bolivia, and began her at career as a development officer at Bolivia’s Fondo de la Comunidad. Subsequently, she managing funds for executives of Bolivia’s largest firms at Banco Mercantil, one of the largest banks in South America, while also serving as a professor of financial marketing at Universidad Privada Boliviana.

Returning to the United States in 2005, she joined Morgan Stanley and later Merrill Lynch Private Banking and Investment before joining Capital Formation Group in 2009 as vice president, wealth management. Quiroga’s areas of specialization are asset management, lending, financial marketing, and public relations.

In 2009, she was recognized by the Boston Business Journal and El Planeta as one of “20 on the Move: Hispanics Making a Difference in Boston,” and in 2010 was named Woman of the Year by the national Association of Latino Professionals in Finance and Accounting (ALPFA).

Active in initiatives that advance the Latino community, Marcel Quiroga is a member of the national board of ALPFA, the country’s largest association for Latino business professionals, chairwoman of the National Women of ALPFA Corporate Advisory Board, and chairwoman of Milagros Para Ninos (Miracles for Children) at Children's Hospital Boston Trust. Additionally, she serves as chairwoman of the US Fund for UNICEF Bolivian Communal Banking Project

Commenting on her appointment, Marcel Quiroga noted that her father, Alex Quiroga, “is an emeritus professor of foreign languages at Salem State University, so the school has always had a special place in my heart. I am both honored and humbled to accept this appointment to the university’s board of trustees because I believe that Salem State University has a profound positive impact on the lives of its students and the communities that surround it.  

“I am particularly proud,” she continued, “to be part of a university that is providing a high quality education to Hispanics, a group that has often been overlooked by other educational institutions. Hispanics represent the fastest growing demographic in our country and I am thrilled to be a part of Salem State’s meaningful mission to assist them in becoming leaders in their fields and in their communities.”

Speaking for the university, President Patricia Maguire Meservey noted that, “Marcel Quiroga’s appointment to our board of trustees by Governor Patrick not only recognizes the changing demographics of our student body, but brings to the board an accomplished professional with both the financial acumen to help Salem State University continue its forward progress and the ties to the Latino community that it wants to cultivate.”

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