The directors of Grupo Aval have just announced the replacement in the presidencies of two of its banks, Bogotá and Occidente. Indeed, Alejandro Figueroa Jaramillo leaves the presidency of that first entity, a position he has held since 1988, although his time at the entity completed five decades, during which time he held various positions. In his replacement comes César Prado Villegas, who until now was in charge of Banco de Occidente.

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For his part, Prado Villegas, who has been linked to Grup Aval for nearly a decade and a half, will be the result of Gerardo Silva Castro, linked to the West since 1994 and who has served as Vice President of Companies since 2014.

As of the next few weeks, brief joining processes will begin in the two entities. Once the connections and the corresponding possession procedures are completed before the Financial Superintendence of Colombia, the new presidents will begin to carry out their functions, indicated from Grupo Aval.

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César Prado Villegas is the new president of Banco de Bogotá, controlled by Grupo Aval. Photo: Courtesy


Time / Courteous

Prado Villegas is a lawyer from the Universidad del Rosario, with postgraduate studies in Business Law from the Universidad de los Andes and a Master’s Degree in Law from the London School of Economics. He has vast experience in the financial industry and has held various executive positions at major public and private institutions in the sector throughout his career.

For his part, Silva is a Civil Engineer from the Javeriana University of Bogotá, with a Master’s in Business Administration from Babson College in Wellesley, United States. He has also carried out programs with the Icesi University of Executive of High Municipal Government and with the Center for Leadership and Management Transformative Business Leadership.

Highlighting the president of Banco de Bogotá, Luis Carlos Sarmiento Gutiérrez, president of Grupo Aval, said that: «Alejo has been a great teacher and counselor for me, but above all a friend for the last 35 years who has had the honor of to meet him We have worked as a team, consolidating its long-term vision with the permanent changes required by a sector as dynamic as financial services. On my behalf, and on behalf of the 70,000 shareholders of Grupo Aval, I have nothing more to thank Alejandro for his dedication and leadership.»

Banco de Bogotá is one of the most emblematic financial entities in the country. It is controlled by Grupo Aval.


Time / Courteous

De Prado Villegas, the director of Aval, commented that, under his leadership, Banco de Occidente will strengthen a path of good performance, boosting all its business lines, managing to consistently gain market share and improving its profitability indicators.

“His extensive knowledge of the sector, his leadership skills, his work ethic, and his strategic vision will be invaluable in promoting Banco de Bogotá in this new stage,” Sarmiento Gutiérrez specified.

Similarly, he said that Silva Castro has amply demonstrated its ability to lead Banco de Occidente, and that is why the succession line was shot. “We are confident in his abilities to successfully continue the work that César began,” he pointed out.

* The banks of Bogotá and Occidente are part of the business group that controls EL TIEMPO Casa Editorial.