Itaú Chile announces changes to the Executive committee of its banking subsidiary in Colombia

Rhea-AI Summary

Itaú Chile (SSE: ITAUCL) has announced key leadership changes in its Colombian banking subsidiary. Jorge Villa, former Vice President of Corporate Banking, has been appointed as the new CEO effective March 21, 2025, replacing Baruc Saez who served for five years.

Villa, who joined Itaú Colombia in 2011, brings 27 years of financial sector experience and holds degrees from Babson College. The outgoing CEO Saez will remain until May to ensure a smooth transition.

Additionally, Tatiana Uribe, previously Head of Investment Banking, has been promoted to Vice President of Corporate Banking. Uribe, who joined in 2022, has 20 years of financial experience and holds degrees from Universidad Externado de Colombia and Georgetown University.

Positive

• Internal promotion demonstrates strong succession planning and talent retention
• Smooth leadership transition period planned until May 2025
• New executives bring substantial industry experience (27 and 20 years respectively)

Negative

• None.

SANTIAGO, Chile, March 21, 2025 (GLOBE NEWSWIRE) -- BANCO ITAÚ CHILE (SSE: ITAUCL) Itaú Chile today informs about changes in the Executive committee of its banking subsidiary in Colombia. The Board of Directors of Itaú Colombia has appointed Jorge Villa, former Vice President of Corporate Banking, as the new CEO effective March 21, replacing Baruc Saez, who led the bank for five years. Villa's appointment reflects a fundamental principle of Itaú's corporate culture, meritocracy.

Jorge Villa has over 27 years of experience in the financial sector. He joined Itaú Colombia in 2011. He holds a degree in Economics and Finance from Babson College and an MBA from the same university. Throughout his career at the bank, he has been known for his focus on results, approachability, and leadership skills.

Baruc Saez served as President and CEO of Itaú Colombia for nearly five years. During this period, he achieved significant results in the bank's transformation and consolidation process. He will remain in Colombia until the end of May, working alongside the new president to ensure a smooth and efficient transition.

Tatiana Uribe has been appointed as the new Vice President of Corporate Banking, replacing Jorge Villa. Until yesterday, she was the Head of Investment Banking at Itaú Colombia and will now assume the challenge of strengthening the corporate segment. Uribe has over 20 years of experience in the financial world and joined the bank in 2022, during which time she has stood out for her leadership skills and business knowledge. She holds a degree in Finance and International Relations from the Universidad Externado de Colombia and an MBA from Georgetown University.

With these appointments, Itaú reaffirms its commitment to the sustainable development of Colombia, contributing to the country with the support, solidity, and experience of the largest bank in Latin America by asset size.

Investor Relations – Banco Itaú Chile
IR@itau.cl / ir.itau.cl

FAQ

Who is the new CEO of Itaú Colombia as of March 21, 2025?

Jorge Villa, former Vice President of Corporate Banking at Itaú Colombia, has been appointed as the new CEO.

What is Jorge Villa's background and experience at Itaú Colombia (ITCL)?

Villa has 27 years of financial sector experience, joined Itaú Colombia in 2011, and holds Economics, Finance, and MBA degrees from Babson College.

When will former Itaú Colombia CEO Baruc Saez complete his transition period?

Saez will remain in Colombia until the end of May 2025 to ensure a smooth transition with the new CEO.

Who has been appointed as the new Vice President of Corporate Banking at Itaú Colombia?

Tatiana Uribe, former Head of Investment Banking, has been appointed as the new Vice President of Corporate Banking.