The Association of Latino Professionals in Finance and Accounting (ALPFA) has appointed Charles Garcia as chief executive officer, succeeding Manny Espinoza who led the association for 12 years.

Under the leadership of Espinoza, a former PwC US managing partner in Tucson, ALPFA’s membership grew to 23,000, including 120 student chapters.

Incoming chief executive said he looks forward to continuing Espinoza’s legacy of service to the Latino community.

"America’s baby boom generation is retiring at the rate of 10,000 a day for the next 18 years, while during that same time period over 1 million Latino youths will turn 18 each year," Garcia said.

Garcia argued that currently more than one-in-four children in the US are Latino, therefore Americas’ future economies depends on those Latino professionals who "ALPFA seeks to develop into leaders" for the US.

Garcia joins from Garcia Trujillo Holdings, a consulting firm serving Hispanic-focused businesses, where he was the chief executive officer.

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Headquartered in Los Angeles, ALPFA was founded 41 years ago as the American Association of Hispanic Certified Public Accountants, and took its current name in 2009 when it merged with the National Hispanic Business Association.

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The Association of Latino Professionals in Finance and Accounting