The process of internationalization of GRUPO SURA is bringing changes in one of the company's vice-president positions as well as new announcements on the integration of the regional sub-holding company that is now heading up the recently acquired businesses.


Andres Bernal Correa (B.S. in Business Management from EAFIT University and MBA from Babson College), has served as Vice President for Finance and Investment (CFO) of GRUPO SURA since 2004, now leaves his current position to become the Vice President for Finance and Strategy of the new sub-holding company, which is currently the leader in Annuities in Latin America. One of his main challenges will be to merge operations in the region while consolidating the plans for the company's expansion and financing.


Mr. Bernal leaves his current position after successfully leading large-scale projects that were of significant economic and financial impact for both GRUPO SURA and the country. Among his principal achievements are the following: his participation in focusing GRUPO SURA's strategic investments, the successful placement of two share issues and an international bond  issue (2005 and 2011), the issuance of the first perpetual bonds in Colombia (2009), GRUPO SURA's establishment of a Level 1 ADR program in the U.S. (2008) and at Latibex (2011), achieving an investment grade rating for the Company (2011), the creation of "Enlace Operativo" (2006) and the acquisition of KIO Network as one of its strategic partners for the development of the largest data center in Colombia (2011), various acquisitions for Suramericana, Protección, and Enlace Operativo, and the acquisition of the Latin America assets of ING, considered the biggest deal by a Latin American company in the region (2011).


In addition, Ignacio Calle Cuartas (B.S. in Production Engineering from EAFIT University, Masters in Management from UPB and Masters in Economics and Finance from the State University of New York) will become Vice President for Finance and Investments of GRUPO SURA on January 16, 2012. This continues his outstanding career, which includes his current participation as Founding Partner and President of financial structuring firm Takticon, and his responsibilities at Groupe Casino in France as Vice President of Corporate Development, as well as the Global Finance Director for the Group's subsidiaries in Asia, the Indian Ocean, and Latin America.


From 1996 to 2006, Mr. Calle worked with SEGUROS SURA and afterwards with GRUPO SURA, where he rose to the position of Manager of Finance and Investment. He has also participated on the Boards of many important international companies and has served as an outstanding advisor on financial, corporate governance, and other issues.


Grupo de Inversiones Suramericana - GRUPO SURA wishes to express its pleasure with the appointments of these executives, whose background and experience strengthens the confidence that the Company and its regional groups have in the continuing success of the growth and consolidation of its projects.

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