Jaime Gilinski Bacal

Jaime Gilinski Bacal: Career Highlights

Gilinski's career in banking and investments has been marked by several notable achievements. In the 1990s, he acquired the Colombian assets of BCCI (Bank of Credit and Commerce International) and renamed it Banco Andino, which he later sold for $70 million. He went on to purchase Banco de Colombia for $365 million, making it the largest privatization in Colombia's history. Gilinski later sold control of Banco de Colombia to Banco Industrial Colombiano for $800 million while retaining a minority position.

Gilinski also played a key role in the acquisition and merger of Banco Sudameris and Banco Tequendama, resulting in the creation of GNB Sudameris, a financial institution with over $16 billion in assets. Additionally, he acquired Servibanca, an ATM network, and Suma Valores, a stock exchange commission agent.

In 2012, Gilinski made a significant move by acquiring the Latin American operations of HSBC for $400 million. The following year, he became the largest shareholder of Banco Sabadell, investing approximately $500 million. Gilinski's business ventures extend beyond banking, as he also owns Yupi, a snack food company, and Rimax Plastics, a company founded by his father.