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Article: Financier of the Year: the financier whose efforts have generated profits as well as led to increased access to financing in Latin America.
- Article from:
- Revista Latin Trade
- Article date:
- November 1, 2006
CopyrightCOPYRIGHT 2006 Freedom Magazines, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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JORGE LONDONO SALDARRIAGA
President, Bancolombia
ACHIEVEMENTS At the helm of Colombia's largest bank, Londono Saldarriaga initiated the merger of former subsidiaries Conavi and Corfinsura. The deal gives Bancolombia roughly a fifth of the Colombian financial market and more than doubled the number of clients. Bancolombia now expects to operate more efficiently, from approving mortgages to managing pensions, all under one roof. Plus the bank can offer more products to its existing clients via cross-sells. Analysts praised the merger for moving forward without taking on major extraordinary expenses.
BACKGROUND Londono Saldarriaga has been ...