 Cedeño began work at an early age as a bank apprentice and was president of Bolivar-BanPro Financial Group, S.A. in Venezuela.He had previously been President of Banco Canarias de Venezuela (2001–2005).In 2007 Cedeño, then President of Bolivar-Banpro Financial Group, was arrested in a crackdown by Venezuelan officials on individuals circumventing government currency rules to gain U.S. dollars.