Nicolas Ceballos

Fiduciaria Bogotá SA (FIDUBOGOTÁ) is the trust management subsidiary of Banco de Bogota SA, itself a subsidiary of Grupo Aval Acciones y Valores SA (BG: GRUPOAVAL; NYSE, ADR: AVAL) in Colombia. Founded in 1990, the firm is headquartered in Bogota and offers a range of portfolio management and advisory services to individuals, institutions, trusts, private funds, charitable organizations and investment companies.

Progresión Sociedad Comisionista de Bolsa SA (Progresión) is the brokerage subsidiary Progresion Sociedad Administradora de Inversion SA in Colombia. The firm was founded by Enrique Velásquez Echeverri in 1982 and formerly known as AdCap Colombia SA Comisionista de Bolsa. Headquartered in Bogota, Progresión offers stockbroking services to corporate and private clients.