Álvaro Saieh
Álvaro Saieh Bendeck is a wealthy Chilean businessman of Palestinian-Lebanese ancestry.[1] Since June 18, 1996, he has been First Vice Chairman of the Board of Directors for one of Chile's largest private banking institutions, Corpbanca S.A. He is also the acting Chief Executive Officer for the media conglomerate Copesa and President of Corp Group S.A.
Mr. Saieh has been involved in a number of different financial activities in the development of the Chilean financial and real estate sector. He delivered an outstanding performance while in charge of the former Banco Osorno, prior to it being sold to Banco Santander. In another area of the Chilean financial industry, Saieh managed the pension fund (Associaciòn de Fondos de Pensiones) AFP Provida for six years before selling his 40% equity stake to BBVA Group in 1999.[2]
He is also the Owner of the Grand Hyatt Santiago, The Four Seasons Buenos Aires and the Four Seasons Carmelo.
His most recent adventure, is the entrance to Retail activities. He bought Unimarc in December 2007, having a 1% of market share, now Unimarc has a 20% market share one year later. Unimarc is considered the 3rd Retail Chain in Chile, and has an investment plan of MM US$300 for the next 3 years.
In addition, Saieh is a director of the Santiago Stock Exchange and adviser to Sociedad de Fomento Fabril and member of the International Institute of Finance. He is a commercial engineer and graduate from Universidad de Chile. In April 2006, Álvaro Saieh was bestowed the title of Professor Emeritus at the University of Chile before an audience of academics, business leaders, diplomats and congress members. The Faculty Council unanimously voted to honor Saieh in appreciation of his 35 years of commitment to the University.[3] He obtained a Ph.D. in Economics from the University of Chicago.
Notes
- ↑ "How Multilatinas are taking over the world".
- ↑ 'Early Retirement'. Latin Trade, July 1999.
- ↑ Endeavor Global Newsletter, July 1, 2006.