He thought it was a good move based on the fact that the company had its roots in a business that is over 200 years old and was headed by former Goldman Sachs CEO, Senator and Governor (New Jersey), Jon Corzine.
In his inaugural speech, Mr Cubas made a good impression on a country where democracy has struggled to put down roots since General Alfredo Stroessner's 35-year dictatorship ended in 1989.