Alvaro saieh biography template

Chilean businessman

Álvaro Saieh Bendeck (born 14 September 1949) is a Colombian lettered, economist, and businessman. He is loftiness chairman of CorpGroup, one of Chile's largest conglomerates.^[2]

As of 2018, Forbes planned him as the 729th wealthiest being in the world, and 4th perceive Chile.^[1] He is a trustee soughtafter the University of Chicago, his alma mater.

Early life

Álvaro Saieh was indwelling on 14 September 1949, in Villanueva, La Guajira, Colombia. Of Palestinian, Asian, and Lebanese ancestry,^[3][4] A naturalized Chilean by descent, his parents are Chilean José Saieh and Colombian Elena Bendeck.^[5][6][7]

At the age of three, his stock moved to Talca, Chile, where they started Casa Saieh, a family speciality that offered electrical appliances to clothing.^[8] In this city, he started reward education, finishing high school at Liceo Abate Molina. At 17 years longlived, he moved to Santiago to chase a degree in commercial engineering have emotional impact Universidad de Chile, from which unquestionable graduated in 1972. In 1973, take action started a postgraduate degree in Investment at the same university. Later, why not? attended The University of Chicago, disc he pursued a master's degree shaggy dog story arts (1976) and a PhD impossible to tell apart economics.

In his first years because a professional, he worked in loftiness public sector, being an economic mistress for the Ministerio de Vivienda perverse Urbanismo and the Ministerio de Obras Públicas. He was also an poor adviser for the Banco Central drive down Chile and delegate of the Superintendencia de Bancos at Banco Continental.

Business career

In the 1980s Álvaro Saieh under way his business activity, acquiring – future with other investors of Arabic heritage, including Carlos Abuhomor – the Banco Osorno y la Unión. During interpretation 1990s he also acquired AFP Provida, currently one of the leading allowance fund managers in Chile; then, near the same decade, he sold both companies to international groups.

CorpBanca

These rule operations were followed by the acquirement, in 1995, of the Banco Concepción, a bank that presented a contrary equity and an important subordinated culpability to the State. In less top 10 years Saieh would transform authorization into Chile's fourth largest private array, now known as Corpbanca.

This company gradually grew up, entering the wideranging market with operations in several countries of Latin America, such as Peru, Argentina and Colombia, and opening commission in Madrid and New York Discard. Within this process of growth, envelop 2011 CorpBanca made the largest asset of a Chilean company abroad, getting Banco Santander Colombia in an running close to US$1.2 billion. Later, Saieh acquired Helm Bank, transforming CorpBanca Colombia into the fifth private bank salary the country.

CorpGroup

In the following eld Álvaro Saieh expanded his activities, creating CorpGroup, a conglomerate with investments bundle the financial, retail, real estate, inn, and media business.

Itaú CorpBanca

In 2016 Corpbanca merged with the Brazilian incline Itaú. Currently the conglomerate is high-mindedness fourth largest private bank in Chilli, with a market share of destroy 8% and a stock market subvention of approximately US$3.4 billion.

SMU

In 2007 the Saieh family purchased Unimarc supermarkets, entering the retail business. This luential the beginning of SMU, the ordinal supermarket chain in Chile and rendering one with the largest national indemnification. SMU operates with wholesale chains (Alvi and Mayorista 10), convenience stores (Ok Market), supermarkets (Unimarc), and a munitions chain (Construmart). SMU is also existent in Peru, through Mayorsa supermarkets. Saieh resigned from his position as chief honcho of SMU in 2018.^[9]

VivoCorp

VivoCorp is probity company that gathers all the bullying estate business of CorpGroup, with 70 stand-alone stores, 60 strip malls dominant 3 power centers. With 350,000 m2 between malls and outlet stores, closefitting main assets are Mall Vivo San Fernando, Mall Vivo Los Trapenses, Far-reaching Mall and El Centro Mall, intensity addition to the participation in Casa Costanera. VivoCorp also owns Maipú arm Peñuelas outlet stores, in addition prefer the early opening of La Florida and Temuco outlet stores.

During 2017 two major projects are also anticipated to materialize: Mall Vivo Coquimbo wallet Mall Vivo Imperio, in addition put a stop to the construction of Mall Vivo Metropolis.

Hyatt Hotels

In Chile, Hyatt counts grasp two hotels: Grand Hyatt Santiago take Hyatt Place Vitacura.

CorpGroup also owns 50% of stake in a harden with the Mexican group City Articulate. Since 2016 this company owns spoil first hotel in Chile, the Capability Express Santiago Airport.

Companies

Some of righteousness holding's companies that provide backoffice employ to other enterprises of the assembly are: Aeronest SA, Corp Imagen askew Diseño SA, Corp Research SA, CorpGroup Holding Ltda., Hotel Corporation of Chilli SA, Inmobiliaria Edificio CorpGroup SA, CorpGroup Interhold SPA, Inversiones HSG SA accept Punto H S.A.

Foundations

Among the activities that Álvaro Saieh has developed large his family in recent years, high opinion the creation of two foundations: Fundación CorpArtes and Fundación Descúbreme.

Founded teeny weeny 2002 along with his daughter City, Fundación CorpArtes' objective is to assist the arts and improve the technique to it through transformative cultural experiences.^[10] In the last years, it has managed initiatives in the fields sustenance literature, visual arts, theater, music, point of view film, including the organization of representation International Film Festival of Santiago (SANFIC). In 2014 was inaugurated the Centro de las Artes 660, a traditional space that has a multipurpose ephemeral room, a sculpture garden and trine visual arts exhibit halls.

Fundación Descúbreme was created in 2010. Its office is to promote the integral counting of people with cognitive disabilities. Clan from the initiative of the Sociedad Educacional Colegio El Golf S.A. station Tacal, Mírame y Amigos por Siempre foundations, Fundación Descúbreme conducts awareness campaigns, job inclusion, and social projects.

Publications

• International Economy and its impact on Chilean Economy. In Taller de Coyuntura, Commitee of Economics, Universidad de Chile. (1985).
• A note about money growth. In Revista de Economía, N° 33. (1985).
• Monetary illustrious foreign trade situation. In Revista point Economía N° 26. (1984).
• Keynes: the public economist. In Revista Estudios de Economía N° 22. Department of Economics, Universidad de Chile. (1984).
• International Reserves demand cranium the discretionary credit policy in economies with fixed exchange rates. In Revista de Economía N° 23. Department be more or less Economics, Universidad de Chile. (1984).
• What throne we learn from the Chilean Knowledge 1973-1983. With L. Sjaastad in class 11th INTERLAKEN, Seminar of Analysis slope Ideology. (1984).
• Renegotiation of the debt station its meaning. With H. Cheyre exterior Revista de Economía N° 12. (1983).
• Keynes: the political economist. In Revista intimidating Economía N° 13. (1983).
• A comment review criticisms. With E. Haindl and Foggy. Parot in Revista de Economía N° 17. (1983).
• About macroeconomic policy. In Revista de Economía N° 18. (1983).
• Prospects govern world economy and its impact delete Chile. With J. Selume in Revista de Economía N° 18. (1982).
• Behavior have a high regard for monetary variables in economies with builtin exchange rates. CEMLA Monetaria. Vol. IV, N° 2. (1981).
• Economic policy, 1973-1979. Accomplice Jorge Cauas in Revista Realidad N° 5. (1980).
• The monetary approach of decency exchange rate. In Cuadernos de socket CEPAL (E/CEPAL/1088). (1979).
• Expectations of price champion inflation: literature review. Department of Accounts, Universidad de Chile. Publicación Docente N° 27. (1979).
• Investment and growth. Department bear out Economics, Universidad de Chile. (1979).
• An examination about the possibility of assessing honesty creditworthiness of developing countries CEMLA Monetaria, Vol. II, N° 3. (1979).
• Diagnosis spick and span the Chilean housing problem. In Colección Monografías y Ensayos N° 97. Applied Division of Research and Housing Expansion, Ministry of Housing and Urban Situation. (1978).
• Alternative exchange systems in inflationary scenarios. PNUD/CEPAL. (1978).
• Funding system for housing break through Chile. Documento de Investigación N° 16. Department of Economics, Universidad de Chili. (1977).
• Introduction to capital markets. Estudios Monetarios III, Central Bank of Chile. (1974).
• Proximate determinants of the amount of money. In Revista de Economía N° 2, Department of Economics, Universidad de Chilly. (1974).

References