Jose Duran shortlisted for IAM Global Award

We are delighted to congratulate Jose Duran (Woodhouse Operations Director, Latin America) on being selected for the final shortlist in the IAM Global Awards; Individual Achievement.

Jose was nominated for the Individual Achievement category for his outstanding contribution to asset management across Latin America over many years and just narrowly missed out on the top award at the event.
For over 20 years, been the most prolific and successful promoter of good asset management practices in Latin America. He led Spanish translation of PAS55, helped develop ISO55000 and led/facilitated multiple large, diverse and highly successful AM transformation programmes.
His client and project responsibilities have included ISA (5 countries; utilities, transport and telecoms), ICE (Costa Rica, 26 power generating stations), EPM (largest multinational LatAm company) Shell, Ecopetrol, CIER (utilities professional association), Codelco (Chilean copper mining), BHP, Fibranova (Manufacturing), Panama Canal and many asset classes in regulated and non-regulated contexts. Responsibilities ranged from maturity assessments and strategic planning to implementation support, performance, and benefits reporting, dealing with all stakeholder groups.

From a blank slate, José has generated one of the most active, interested, and fast-developing regions in the world for asset management. Over 20 years he has been making conference presentations, lobbying regulators, teaching on university programmes and public courses, guiding large organisations and establishing a continent-wide dialog and appetite for asset management. He has built a personal reputation as a deeply informed and very practical guide in translating asset management concepts to range of LatAm cultures, organisational models and maturity starting points. This has involved almost continual travel (pre-COVID!) and great personal investment (with family in Venezuela).

Such efforts have yielded more ISO55001 implementations and greater tangible reported benefits than can be attributed to any other single person worldwide. With his personal encouragement and support, energy regulators have now mandated ISO55001 in Colombia, and Chile. And Jose-led programmes in ICE (Costa Rica), ISA (Colombia), AES (multiple countries), REP (Perú) and CTEEP (Brazil) have all been recognised on the international stage for their successful AM initiatives.

It is difficult to think of anyone who has done more to ‘spread the word’ of good asset management – across 23 countries. He has also always insisted on measuring/reporting real, on-the-ground transformations, with hard evidence of business benefits

Jose says “I am really happy that my efforts are being recognised in this way, but it really also acknowledges the amazing support I have from the whole Woodhouse team.”

A review of published case studies in asset management rapidly demonstrates Jose’s impact. Many of the cases which cite quantified business benefits from the implementation of ISO 55000 are projects initiated and/or facilitated by José. For example, ISA Colombia quotes US$40 Million of validated benefits, ICE Costa Rica (winner of the very first IAM Achievements award) achieved 8-digit $$ benefits and RepsolYPF in Argentina credited the work done as yielding a 6-year life extension for economic viability of the company. The monetized impact of Jose’s work is unrivalled.

From the service provider perspective also, his responsibility for the regional operations of The Woodhouse Partnership has been impressive. With 20 years of growth in both revenues and profits, José has built a thriving business unit with a dispersed team (based in 4 countries). A recent review revealed that he and his team have been instrumental in over 60 % of all ISO 55000 known certifications in Latin America.

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John Woodhouse

With 30 years’ experience in utilities, oil & gas, transport and other sectors, John is one of the most widely known experts in integrated asset management projects for some of the largest companies in the world.

John is a Founder and Life Fellow of the IAM; he has written 4 books, chaired the development of BSI PAS55 and represents the UK on the ISO55000 committee.

He also led the international MACRO and SALVO collaboration projects in optimised asset management decision-making.

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