Lima, PERU, October 18th, 2018 - Credicorp Ltd. notifies you, as a Material Event, that the Board of Directors of its investment banking subsidiary, Credicorp Capital Ltd., in its session held on October 18th, 2018 accepted the resignation of Mr. Christian Laub, Credicorp Capital's Chief Executive Officer, and appointed Mr. Eduardo Montero, Head of Wealth Management at that subsidiary, as new Chief Executive Officer. As a result, Mr. Montero will also hold the position as Head of Investment Banking & Wealth Management, one of Credicorp's Lines of Business.
Mr. Eduardo Montero has worked at Credicorp since 1994. His extensive experience in the organization includes expertise in different areas such as Corporate Finance, Business Solutions, Retail and Consumer Banking at Banco de Credito del Peru (BCP). He also held the position as CEO at Atlantic Security Bank, BCP in Miami and Credicorp Securities. Mr. Montero holds a Bachelor's degree in Economics from Lehigh University (USA), and an MBA from the Wharton Graduate School of Finance (USA).
The aforementioned resolution will be effective as from January 1st, 2019.
Credicorp Ltd. (NYSE: BAP) is the leading financial holding in Peru with presence in Chile, Colombia and Bolvia. Credicorp has a diversified business portfolio, which is organized into four lines of business: Universal Banking, through Banco de Credito del Peru-BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco and Encumbra; Insurance and Pension Funds, through Grupo Pacifico and Prima AFP; and Investment Banking & Wealth Management, through Credicorp Capital, Wealth Management at BCP and Atlantic Security Bank. In Universal Banking, we provide a wide range of products to individuals and companies, such as loans, deposits and cash management products and services. In Microfinance, we offer banking products tailored for micro entrepreneurs, promoting financial inclusion in underdeveloped segments. In Insurance and Pensions, we provide a broad range of insurance products for property and casualty, life insurance and health insurance, as well as, managing private retirement funds. Finally, in Investment Banking and Wealth Management, we offer financial and transactional advisory services for asset management, sales & trading, and corporate finance.
For further information please contact Credicorp's IR team:
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Source: Credicorp Ltd. via Globenewswire