Grupo Aval announced that, at the meetings of the boards of directors of Banco de Bogotá held on June 23, 2023, the entities defined changes in the leadership of these banks according to previously established succession plans. These changes follow the resignation of Mr. Alejandro Figueroa Jaramillo from his position as President of Banco de Bogotá. Mr. Figueroa completes a brilliant career of over five decades at the bank.

During that period, he held multiple positions until he became its president in 1988. Under his leadership, the bank consolidated itself as a landmark and one of the soundest entities in the Colombian financial system, successfully overcoming different national and global situations, always in strict compliance with financial regulations. For this work, he received multiple corporate and personal recognitions.

In addition, the Board of Directors of Banco de Bogotá appointed Mr. César Prado Villegas, current President of Banco de Occidente, as its new President. César has been a member of Grupo Aval in multiple positions for almost 14 years, successfully acting as President of Banco de Occidente since 2018. Under his leadership, Banco de Occidente managed to consolidate milestones of good performance, improving all of its business lines, increasing its market share, and improving its profitability indicators.

Mr. Prado is a lawyer who graduated from Universidad del Rosario, with postgraduate studies in Business Law from the Universidad de los Andes and a Master´s Degree in Law from the London School of Economics. He has extensive experience in the financial industry and has held various executive positions in important public and private institutions in the sector throughout his career.