Grupo SURA Appoints a New Chief Corporate Finance Officer
Ricardo Jaramillo Mejia joins us from the Bancolombia Group taking over from Ignacio Calle Cuartas, who in turn shall be heading up SURA Asset Management as its new Chief Executive Officer. Bringing to bear his extensive experience in the finance industry, our new Chief Corporate Finance Officer shall take up his duties on May 1. Medellin, April 13, 2016 – Today, the Board of Directors of Grupo de Inversiones Suramericana (Grupo Sura), announced the appointment of Ricardo Jaramillo Mejia as the Company's new Chief Corporate Finance Officer, replacing Ignacio Calle Cuartas, who in turn, and as reported last February shall be taking over as the new Chief Executive Officer of SURA Asset Management, a subsidiary of Grupo SURA, specializing in pensions, savings and investment. Ricardo Jaramillo has been the Chief Executive Officer of Bancolombia´s Investment Banking Division, responsible for advising clients with regard to the capital markets, structured financing arrangements and mergers and acquisitions. He holds a degree in Civil Engineering from the Escuela de Ingeniería de Antioquia as well as a MBA majoring in Finance from Boston University's Graduate School of Management. His professional career consists of an ample experience in financial management and has been working for Bancolombia since 1995, when he first joined as Manager of Fiduciaria Bancolombia´s Planning Department. He was also Project Manager and Chief Corporate Finance Office of Bancolombia's Investment Banking Division. Between 2001 and 2003 he worked for Colombiana Kimberly Colpapel as Head of Financial Planning. With regard to this new appointment, the Chief Executive Officer of Grupo SURA David Bojanini Garcia stated: "We would like to extend a warm welcome to Ricardo, who comes to us with a proven track record in the finance industry and whose personal and professional skills fully comply with the expectations of our Organization. He shall be directly responsible for addressing the challenge we face going forward in terms of maintaining our robust financial position which we have always enjoyed throughout our corporate history, this based on our rigorous performance, sense of ethical conduct and comprehensive risk management" . As the market is well aware, Grupo SURA is the parent company of the Sura Business Group, whose core business belongs to the financial service sector, and whose main subsidiaries are SURA Asset Management (specializing in the pension, savings and investment sectors) and Suramericana (dedicated to the insurance and trend/risk management industry). Bancolombia is also considered as one of Grupo SURA's core investments, since it possesses a 46.4% stake in its share capital (ordinary shares). These three companies form the pillars of Grupo SURA's main strategy that consists of providing a comprehensive range of financial and insurance services in each of the regions where we are present so as to be able to help our Latin American clients at different stages of their lives. From a financial and business strategy standpoint, the Company's robust financial position is underpinned by the international investment grades issued by the credit ratings agencies, Fitch Ratings that recently upgraded its rating from a BBB- to a BBB and Standard & Poor´s who also provided a BBB rating. About Grupo SURA Grupo de Inversiones Suramericana, the parent company of the Sura Business Group is a Latin American company listed on the Colombian Stock Exchange and registered with the ADR- Level 1 program in the United States. We are also the only company from the Latin American Diversified Financial Service Sector to be admitted to the Dow Jones Sustainability World Index, which lists companies who have become global benchmarks thanks to the best practices they have adopted from the economic, environmental and social standpoints. GRUPO SURA has two fields of investment: its core strategic interests in the financial service, insurance, pension, savings and investment sectors; and its industrial interests in the processed food, cement, energy and infrastructure sectors.