Gustavo Ardila Latiff is new VP of Productive and Financial Sectors

(Caracas, October 2, 2012). Enrique García, president & CEO of CAF - development bank of Latin America - announced the appointment of Gustavo Ardila Latiff as vice president of the Productive and Financial Sectors of the financial institution to replace Peter Vonk after 10 successful years in the institution.

Ardila has had a distinguished professional career in Colombia, his country of origin, occupying the highest positions of responsibility in the public and private sectors, where he served in financial development and export promotion entities.

Before joining CAF, he was president of BANCOLDEX, the Colombian business development and foreign trade bank, where he worked for 20 years with a record of significant achievements. He was director and Corporate Banking vice president of the Representative Office in Colombia of the Latin American Foreign Trade Bank (BLADEX). He headed the credit control area of ​​the Colombia Export Promotion Fund (PROEXPO), and was director of Services to the Financial Sector in the Colombian Banking Association (Asobancaria), among other positions.

Gustavo Ardila has a business degree from the El Rosario University, Colombia, with major in Banking from the University of the Andes. He is a former student of the Senior Management Program of the INALDE Business School in Colombia, and in Mexico of the Euromoney Training Structured Trade & Commodity Finance course, and the Commercial Professional Development Program of the Tecnológico de Monterrey. He has been member of various boards, including Colombian Banking Association, Colombian Foreign Trade Trust Company - Fiducoldex, National Guarantee Fund, Leasing Bancóldex, and Banco AV Villas in Colombia.

CAF is now one of the main sources of multilateral financing for Latin America and - in the framework of its integrated agenda for sustainable development - promotes the strengthening of the business sector as an effective way of helping to improve productivity in Latin America.