JORGE LONDOÑO

President, Bancolombia

Jorge Londoño has been president of Bancolombia since 1996. With $15 billion in funds Bancolombia is the leading bank in Colombia as well as one of the 12 top lending institutions in Latin America. Under Mr. Londoño’s watch Bancolombia has received various distinctions including the Award for Excellence from Euromoney for best financial institution in Colombia. But it has not all been a bed of roses for this banker with a degree in Administrative Finance from the Universidad EAFIT, Medellín, and a masters in Economic Development from the University of Glasgow (Scotland). In early 2007 he was briefly put under house arrest under orders from Colombia’s national prosecutor because of a claim filed ten years previously by the Gilinski family, former owners of Banco Industrial Colombiano (BIC), which merged with Banco de Colombia in 1997 to form Bancolombia. Today, Bancolombia is recognized for its consolidation of its leadership and the launch of its expansion plans beginning with the purchase of Banco Agrícola de El Salvador with an aim toward making future incursions into other countries. Bancolombia also maintains a presence in Panama through an affiliate and was the first Colombian financial institution to be traded on Wall Street in 1995. Mr. Londoño, of Medellin, has been a member of Antioquia Business Group since 1991.