2013-09-26 23:33:02 -
Lima, PERU, September 26(th), 2013 - Credicorp (NYSE: BAP) Board of Directors,
in its session held on September 25(th), 2013, agreed to accept the resignation
of Mr. David Saettone, Credicorp's Chief Insurance Officer and CEO of
Credicorp's subsidiary Pacifico Peruano Suiza (PPS), and appointed in his place
Mr. Alvaro Correa, who currently holds the position of Chief Financial Officer
of Credicorp Ltd. and Banco de Credito del Peru (BCP).
Mr. Alvaro Correa will take over his new responsibilities as CIO of Credicorp
and CEO of PPS as of October 1(st), 2013.
Mr. Alvaro Correa has recognized credentials since he has been Chief Financial
Officer for Credicorp and
BCP since April 2008 leading the organizations through
some challenging times. He also oversees Credicorp's international subsidiaries
and branches. Mr. Correa is an industrial engineer from the Pontificia
Universidad Catolica del Peru and holds a Master's degree in Business
Administration from Harvard Business School. Mr. Correa also has Series 7 and
Series 24 certifications in the United States. In 1997, he joined BCP as Retail
Risk Manager, later serving as IT Solution Manager under the Systems and
Organization Division. From 2006 to 2008, Mr. Correa served as General Manager
of ASB, Credicorp Securities and BCP's Miami agency. He currently is Chairman
and CEO of Solucion-EAH and Director of Edyficar and Prima AFP.
In the same session, the Board of Directors of Credicorp also decided to name
Mr. Fernando Dasso as Mr. Correa's replacement and appointed him as new Chief
Financial Officer of Credicorp and BCP, effective as of the same date.
Mr. Fernando Dasso holds a BA in Business from Universidad del Pacifico in Lima,
Peru and an MBA from Wharton School of Business, Pennsylvania, USA. He started
his professional career with McKinsey & Co. in Madrid, Spain in 1992. Mr. Dasso
joined Banco de Credito del Peru in the year 1994 as a member of the Corporate
Finance team within the Corporate Banking Division. During his career he has
been engaged in various responsibilities in BCP including Marketing & Retail
Product Development, Development and Management of the Branch Network, Internet
Banking and Corporate Finance. He was responsible of the development and
launching of ViaBCP (the web base Internet Banking), which is now the channel
that concentrates 48% of the average monthly number of transactions of the bank.
In his recent position, Mr. Dasso has led the development of Credicorp's
investment and expansion strategies and has coordinated and been an integral
part of the negotiations that led to the recent acquisitions in Chile and
Colombia. Mr. Dasso is currently the General Manager and Board Member of Grupo
Credito (a subsidiary of Credicorp that groups several of Credicorp's smaller
investments in Peru) and board member of several of Credicorp's subsidiaries,
such as Prima AFP (Pension Fund Administrator) and of our Microlending Business
arm, Financiera Edyficar. He is also a Board Member of Tarjeta Naranja Peru and
Willis Peru and actual CSO of BCP, the leading bank in the Peruvian market.
These changes are aimed at ensuring the continuation and proper execution of
Credicorp's strategies in the whole of the organization, and given the proven
excellent track record of both, Mr. Correa and Mr. Dasso, we are confident they
will contribute to Credicorp's future results.
Credicorp Ltd. (NYSE: BAP) is the leading financial holding in Peru. It is
composed of Banco de Credito del Peru (BCP), Atlantic Security Holding
Corporation (ASHC), Grupo Pacifico Seguros and Prima AFP, which are among Peru's
top-rated brands. Credicorp is mainly involved in banking (including commercial
and investment banking), insurance (including property and casualty, life and
health insurance), pension funds (including private pension fund management
services) and brokerage services (including trust, custody and securitization
services, asset management and proprietary trading and investment).
For further information please contact the IR team: IRCredicorp@bcp.com.pe
Credicorp announces new management appointments:
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Source: Credicorp Ltd. via Thomson Reuters ONE