阿瓦尔金融集团 AVAL

Eduardo Duque Suarez, age 61, has served as Chief Risk and Compliance Officer since March 2022. He serves as a member on the Board of Directors of Banco de Occidente. Previously, he served as Mexico and Latam Global Functions Independent Compliance Risk Management Head in Citi, Regional ICG Risk Manager Senior Credit officer Level 2 for Colombia, Ecuador and Venezuela, Risk Manager Country Officer Chile, Peru and Bolivia, Deputy Country Credit Risk Manager and Vice-president Emerging Markets Corporate Banking EMCB - Institutional Client Group. He also worked as Director in Waventure S.A. de C.V in Mexico, Director in NM Rothschild & Sons Mexico, Assistant Director in NM Rothschild & Sons Colombia and Assistant Director in Deutsche Morgan Grenfell Group Public Limited Company from 1997 to 2005. He holds a degree in Economics and a MSc in Economics from Universidad de Los Andes. Mr. Duque Suarez' business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Gerardo Silva Castro, age 69, has served as Chief Executive Officer of Banco de Occidente since August 2023. He holds a degree in Civil Engineering from Pontificia Universidad Javeriana in Bogota and a Master of Business Administration from Babson College. He has also completed executive programs at Universidad Icesi in High-Level Municipal Government and at the Centro de Liderazgo y Gestion, focused on Transformative Business Leadership. Mr. Silva has more than 25 years of experience in the financial sector, during which he has held various senior management positions. At Banco de Occidente, he previously served as Vice President of Corporate, Official and Intermediate Banking beginning in 1994, and as Vice President of Corporate Banking beginning in 2014. He currently serves on the Boards of Directors of Porvenir and Asobancaria. His principal business address is Carrera 4 No. 7-61, Cali, Colombia.

Mr. Alvaro Velasquez Cock, age 86, has served as a member of the Board of Directors of Grupo Aval since 2013 and previously as an alternate member thereof since 2008, when pursuant to the by-laws of the company the Board of Directors was composed by principal and alternate members. Mr. Velasquez Cock has served as advisor to Grupo Ethuss since 1994. He has acted as Dean of the Faculty of Economics of the Universidad de Antioquia, Chief of the Departamento Nacional de Estadistica-DANE, President of Pedro Gomez & Cia. S.A., Manager of the Corporacion Financiera Nacional and as a member of the Advisory Committee of the Superintendence of Finance. He has been a member of the Board of Directors of Unipalma since 1996, Proindesa and of BAC entities since 2011. He holds a degree in Economics from the Universidad de Antioquia. Mr. Velasquez Cock's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Andres Escobar Arango , age 56, has served as a member on the Board of Directors of Grupo Aval since March 2024. Mr. Escobar is currently the President of EConcept AEI. Previously, he has served as Deputy Director General of the National Planning Department, Deputy Finance Minister and Professor at the Faculty of Economics of Universidad de los Andes and Universidad Nacional. He also serves as an economic and political advisor on Colombia to major international financial institutions through Global Source Partners (a New York-based company that covers 30+ emerging market economies). He holds a degree in Economics from Universidad de los Andes, a master's degree in economics from Universidad de los Andes, a master's degree in economics from New York University, and is a Ph.D. candidate in Economics from New York University. Mr. Escobar Arango's business address is Carrera 13 No. 26A 47, Bogota, D.C., Colombia.

Ms. Paula Duran Fernandez, age 48, has served as Chief of Sustainability and Strategic Projects since 2024. She previously served as Vice - President of Strategy and Sustainability of Corficolombiana from 2023 to 2024. Ms Duran serves as a principal member on the Board of Directors of Banco Popular and alternate member of Aval Valor Compartido - AVC and Ventas y Servicios S.A. She holds a degree in Economy from W. Sydney University and a MBA from Universidad de los Andes. Her principal business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Ms. Ana Milena Lopez Rocha, age 45, has served as President of Corficolombiana since August 2024. She is an Economist from Harvard University and holds an MBA from Columbia Business School. Before joining Corficolombiana Ms. Lopez Rocha was Chief Financial Officer (CFO) of Ecopetrol S.A. and Cenit Transporte y Logistica de Hidrocarburos. Previously, she served as Director General of Public Credit and the National Treasury at the Ministry of Finance and Public Credit of the Republic of Colombia. She has also worked at JP Morgan Chase Bank in London and New York where she held various roles including Vice-President of Emerging Markets. She has been a member of the Boards of Directors of Banco Davivienda, TAESA, Cenit, Compania de Seguros Bolivar, Invercolsa, Ocensa, ISA, CTEEP, Ecopetrol, FDN, and Isagen. Ms. Lopez currently serves on the Boards of Directors of Promigas S.A. Her principal business address is Carrera 13 No. 26-45, Bogota, D.C., Colombia.

Mr. Jorge Castano Gutierrez, age 50, has served as Chief of Financial Assets and Efficiency since 2024. Previously, he served as Colombian Superintendent of Finance. Mr. Castano serves as a member on the Board of Directors of Banco de Occidente, Aval Fiduciaria and Aval Casa de Bolsa. He holds a degree in law and post-graduate studies in Capital Markets and Banking Law from the Universidad Externado de Colombia and holds a Master's in Economic Developments Law from Universidad Carlos III de Madrid. Mr Castano served as Director of Fondo de Garantias de Instituciones Financieras (Fogafin) and as a tenured professor and Director of the Law and Economics Department at Universidad Externado de Colombia. Mr. Castanos' business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Dr. Luis Fernando Lopez Roca, age 69, has served as member on the Board of Directors of Grupo Aval since March 2018 (as an alternate member when pursuant to the by-laws of the company the Board of Directors was composed by principal and alternate members). Dr. Lopez Roca is a partner of Lopez Montealegre Abogados S.A.S, Director of the Financial Law Department at Universidad Externado de Colombia, Alternate Judge of the Council of State of Colombia (Consejo de Estado) since 2026 and Alternate Judge of the Constitutional Court for the 2018-2021 period and arbitrator. Dr. Lopez Roca has acted as Superintendent of Securities, President of the Colombian Association of Commercial Financing Companies, and Advisor to the Inter-American Development Bank. He also held several positions in the Superintendency of Corporations, the Chamber of Commerce of Bogota and the Superintendency of Banks (Superintendency of Finance). Dr. Lopez Roca holds a Law Degree and PhD from Universidad Externado de Colombia, with an LLM in International Business Law at Universidad Francisco Vitoria and graduate studies in Economic, Commercial and Financial law at Universidad Externado de Colombia and Universidad de los Andes. Dr. Lopez Roca's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Gerardo Hernandez Correa, age 64, has served as President of Banco AV Villas. He holds a law degree from the University of the Andes, with a specialization in Administrative Law from the Colegio Mayor de Nuestra Senora del Rosario University. In his professional experience, he has served, among other positions, as Advisor to the Executive Director for Colombia and Peru at the IDB, Deputy Minister of Labor and Social Security, Executive Manager and Secretary of the Board of Directors of the Bank of the Republic, Financial Superintendent, Co-Director of the Board of Directors of the Bank of the Republic, and Legal Vice President of Banco de Bogota. Mr. Hernandez currently serves on the Boards of Directors of Aval Fiduciaria S.A. His business address is Carrera 13 No. 26A 47, Bogota, D.C., Colombia.

Mr. Mauricio Cardenas Muller, age 56, has served as member of the Board of Directors of Grupo Aval since 2014. Previously, when pursuant to the by-laws of the company the Board of Directors was composed by principal and alternate members, Mr. Cardenas served as a principal member from 2010 until 2014, and as an alternate member since 2002 until 2010. Mr. Cardenas Muller has acted as chief advisor to Luis Carlos Sarmiento Angulo since 2004. He is a member of the Board of Directors of Seguros Alfa S.A. and of Seguros de Vida Alfa S.A. since 2014, Corficolombiana S.A. since 2024 and previously served from 2002 until 2011. He has also served as a member of the Board of Directors of Fundacion para el Futuro de Colombia - Colfuturo since 2007, and of Casa Editorial El Tiempo since 2011. Mr. Cardenas holds a degree in Electronic Engineering from Universidad Javeriana and a MBA from Escuela de Direccion y Negocios de la Universidad de la Sabana - INALDE. Mr. Cardenas Muller's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Miguel Largacha Martinez, age 62, has served as President of Porvenir since 2008. Mr. Largacha Martinez previously served as President of Horizonte Sociedad Administradora de Fondos de Pensiones y de Cesantias S.A., and held other positions within BBVA Colombia S.A., including Executive Vice President and Vice President of Banco Ganadero (the predecessor to BBVA Colombia S.A.) and has been a member of the Board of Directors of Fundacion Grupo Aval since 2011 and Banco AV Villas since 2026. He holds a law degree from Universidad Javeriana and has further completed graduate studies in Financial Legislation and Executive Management at the Universidad de los Andes. His business address is Carrera 13 No. 26 A- 65, Bogota, D.C., Colombia.

Mr. Fabio Castellanos Ordonez, age 69, has served as a member of the Board of Directors of Grupo Aval since March 2018 and previously, when pursuant to the by-laws of the company the Board of Directors was composed by principal and alternate members, he served as an alternate member between September 2015 and March 2018. He was, until 2019 the local representative in Colombia of AMF (Ascending Markets Financial Guaranty Corporation) and, between 2002-2010 served as Chief Country Officer and Executive Director of ABN-AMRO Bank (Colombia) S.A., The Royal Bank of Scotland (Colombia) S.A., Scotiabank Colombia S.A . He also worked for 22 years at The Chase Manhattan Bank N.A. in Latin America with posts in Colombia, New York and Argentina as a Corporate Finance Executive and Senior Credit Officer, among other positions. Mr. Castellanos serves as member of the Board of Directors of Ignacio Gomez IHM S.A. He holds a degree in Business Administration from California State Polytechnic University and a Master's Degree in Management in the Network Economy from Universita Cattolica del Sacro Cuore. Mr. Castellanos Ordonez's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Jorge Adrian Rincon Plata, age 46, has served as our Chief Legal Officer since May 2012. Mr. Rincon previously served as Legal Counsel to Banco de Bogota. Mr. Rincon serves as a member on the Board of Directors of Banco de Bogota S.A. and alternate Director in Aval Fiduciaria's Board and Aval Soluciones Digitales - dale!. He holds a degree in law from the Universidad Autonoma de Bucaramanga and a Masters in International Business Law from Queen Mary University & Westfield College, University of London. Mr. Rincon Plata's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Ms. Esther America Paz Montoya, age 71, has served as a member on the Board of Directors of Grupo Aval since 2010, and previously as an alternate member thereof since 2005, when pursuant to the by-laws of the company the Board of Directors was composed by principal and alternate members. Ms. Paz Montoya is a former President of Banco AV Villas, where she also served as Vice President of Finance and Vice President of Operations, and a former President of Ahorramas Corporacion de Ahorro y Vivienda. Ms. Paz Montoya has served as a member of the Board of Directors of Agremiacion Civica Centro Internacional San Diego S.A., Edentainment and Admincentros S.A.S. She holds a degree in Business Administration from the Universidad del Valle and graduate studies in finance from Universidad de Los Andes. Ms. Paz Montoya's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Ms. Maria Edith Gonzalez Florez, age 67, has served as Vice President of Accounting since 2010, and formerly as Financial and Administrative Manager, of Grupo Aval since 2004. Ms. Gonzalez Florez previously worked as Financial Manager at Cocelco S.A. and Movistar. She holds a degree in Public Accounting from the Universidad de Santiago de Cali and graduate studies in finance from Universidad ICESI. Ms. Gonzalez Florez's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Jose Mauricio Hurtado Salgar , age 56 has served as member on the Board of Directors of Grupo Aval since March 2024. Mr. Salgar is currently a board member of Holding Hotelera GHL in Colombia and Logistics Properties of the Americas (NYSE: LPA), and a board advisor with Frisa Industrias. He also serves on the Consejo Superior de la Universidad de los Andes. Previously, he served as Managing Director and Head of Andean Region of Advent International in Colombia between 2012 and 2023. As part of his role with Advent, he led various investments in Latin America and served on the board of the following companies: Alianza Fiduciaria, Alianza Valores, Grupo Biotoscana, GTM Holdings, Oleoducto Central (Ocensa), Enjoy S.A., LifeMiles, Canvia and Sophos Solutions. Previously, he was Vice President and member of the executive committee of Grupo Sanford, COO of Ecopetrol S.A., Country manager and co-founder with Despegar.com, and was an associate with Booz & Co. Mr. Salgar holds a BS in Industrial Engineering from the Universidad de los Andes and an MBA from the MIT Sloan School of Management. Mr. Salgars business address is Carrera 13 No. 26A 47, Bogota, D.C., Colombia

Diego Fernando Solano Saravia, age 60, has served as Chief Financial Officer since 2010, and formerly as Vice President of Corporate Planning, of Grupo Aval since 2006. Mr. Solano serves as a member on the Board of Directors of Banco de Popular and Aval Banca de Inversion S.A.S. He previously served as associate principal at McKinsey & Co. and Corporate Banking Vice President at Banco Santander Colombia. He holds a degree in Systems Engineering from the Universidad de los Andes and a MBA from the Wharton School at the University of Pennsylvania. His business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Ms. Maria Fernanda Suarez Londono, age 51, has served as President of Banco Popular since 2023. She holds a degree in business administration from the Colegio de Estudios Superiores de Administracion - CESA and holds a master's degree in public policy management from Georgetown University in Washington D.C., USA. Her extensive experience includes more than 25 years of experience in both the public and private sectors where she has held positions such as CEO of Accenture Colombia, Minister of Mines and Energy of Colombia, Executive Vice President of Strategy and Finance of Ecopetrol, as well as other important positions in the Ministry of Finance and Public Credit, Porvenir, Citibank and Bank of America. She also has been a member of the Board of Directors in many important organizations in the country. Ms Suarez currently serves on the Boards of Directors of Promigas, Corficolombiana, Aval Valor Compartido - AVC and Asobancaria. Her principal business address is Calle 17 No. 7-35, Bogota, D.C., Colombia.

Maria Lorena Gutierrez Botero, age 57, has served as President of Grupo Aval since April 1, 2024. She previously served as President of Corficolombiana since August, 2018. Ms. Gutierrez serves as a member on the Board of Directors of Banco de Bogota, Porvenir, Aval Valor Compartido - AVC, Proindesa, Promigas S.A. and previously served as Minister of Commerce, Industry and Tourism from 2017 to 2018, Ambassador of Colombia in Germany from 2016 to 2017 and Minister to the Presidency from 2010 to 2016. She has also served in the past as Dean of the Business School at Universidad de Los Andes from 2003 to 2010. Ms Gutierrez served as a member on the Board of Directors of Fiduciaria Corficolombiana, Gas Comprimido del Peru, Gases del Caribe. She holds a degree in Industrial Engineering with a specialization in finance from Universidad de los Andes, a Master of Business Administration (MBA) and a PhD in Finance from the A.B. Freeman School of Business at Tulane University. Her principal business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Luis Carlos Sarmiento Gutierrez, age 64, is the President of Grupo Aval's Board of Directors since March 2024. Mr. Sarmiento served as President of Grupo Aval from 2000 until March 2024. Mr. Sarmiento Gutierrez acted as President of Cocelco S.A. from 1997 until 2000. Previously he served as Executive Vice President at First Bank of the Americas in New York and as an analyst and financial manager at Procter & Gamble's corporate headquarters. He served as Chairman of the Board of Directors of Banco de Bogota from May 2004 to March 2024, and has been a member of the Board of Directors of BAC International Corporation since 2024 and Corficolombiana since 2006, currently acting as a Chairman. He holds a Bachelor of Science degree, magna cum laude, in civil engineering from the University of Miami and a MBA with a concentration in Finance from the Johnson Graduate School of Management at Cornell University. In December 2025, he was awarded a Doctorate Honoris Causa in Innovation and Business by Universidad Sergio Arboleda, in recognition of his business trajectory and leadership in financial innovation. Mr. Sarmiento Gutierrez's business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.

Mr. Ernesto Jose Gutierrez de Pineres Luna, age 52 has served as Chief Technology Officer since 2025. He previously served as Chief Executive Officer at Seynekun and held the position of Vice president of Science, Technology, and Innovation at Ecopetrol, in addition to other leadership and executive roles across companies in multiple sectors. Mr. Gutierrez de Pineres holds a degree in Systems Engineering from Universidad del Norte, an MBA from Universidad de los Andes, and has completed various executive education programs in leadership and strategic management at IESE Business School and other academic institutions in Colombia and abroad. His business address is Carrera 13 No. 26A-47, Bogota, D.C., Colombia.