Juan Manuel Pacheco Pérez

AFP y Cesantías Protección SA (Investment Management) (Proteccion-IM) is the investment management division of AFP y Cesantías Protección SA (BG: PROTECCION) in Colombia. Founded in 1991, Proteccion-IM is headquartered in Medellin and manages severance, voluntary pension and compulsory pension funds.

Bancolombia SA (Research Firm) is the investment research division of Bancolombia SA (BVC: BCOLOMBIA, NYSE: CIB), a full-service financial institution headquartered in Medellin, Colombia. Founded in 1998, the firm provides research analysis for a diversified individual and corporate customer base throughout Colombia, as well as in other jurisdictions, such as Panama, El Salvador, Puerto Rico, the Cayman Islands, Peru and Guatemala.