Jaime Gilinski Bacal

About Jaime Gilinski Bacal

Birth Place: London, United Kingdom, Colombia

Jaime Gilinski Bacal Net Worth

Jaime Gilinski Bacal was born in London, United Kingdom, Colombia. One of Latin America's most successful bankers, Jaime Gilinski Bacal built Banco GNB Sudameris into a multinational bank with $9 billion in assets through a series of acquisitions. In 2003 he bought assets from Italy's Intesa Sanpaolo, later merged them with Banco Tequendama of Peru and an ATM network in Colombia called Servibanca. Today Banco GNB Sudameris operates in Colombia, Paraguay and Peru. Gilinski also owns a 2% stake in publicly traded Banco Sabadell, the fourth largest private banking group in Spain. In Panama, Gilinski partnered with the British billionaire brothers Ian and Richard Livingstone to develop Panama Pacifico, a 4,450-acre development on the former U.S. Howard Air Force Base, strategically located on the banks of the Panama Canal. The project now houses more than 270 multinational tenants, including 3M, Dell and Caterpillar. Gilinski also owns hotels in Bogota and Cartagena, Colombia. The Colombian banker got his start in the U.S., where he obtained an MBA from Harvard in 1980, then worked in Morgan Stanley's mergers and acquisitions division.
Jaime Gilinski Bacal is a member of Finance and Investments

💰 Net worth: $3.6 Billion (Updated at 22 June 2018)

2013 $2.4 Billion
2014 $2.9 Billion
2015 $3.1 Billion
2016 $3.1 Billion
2017 $3.5 Billion
2018 $3.66 Billion

Some Jaime Gilinski Bacal images

Biography/Timeline

1978

Gilinski earned his BS in Industrial Engineering from Georgia Tech in 1978, and an MBA from Harvard Business School in 1980.

1990

In the 1990s, the Gilinskis contributed US$8 million to the Fundacion Santa Fe. This was during Jaime Gilinski’s time as chairman of Banco de Colombia. La Fundación Santa Fe de Bogotá supports Santa Fe Hospital in Bogotá. Founded in 1972, this hospital is recognized as Colombia’s most technologically advanced.

2003

In 2003, Gilinski acquired and subsequently merged Banco Sudameris and Banco Tequendema. This merger created GNB Sudameris, a bank with assets of over US $6 billion that ranks among the top 10 largest banks in Colombia. The purchase of Servibanca, an ATM network with over 2,000 machines, and Suma Valores, a stock exchange commission agent company, has further expanded the network.

2012

On May 11, 2012, HSBC Holdings Plc announced the sale of its Latin American operations (Colombia, Peru, Paraguay, and Uruguay) to Banco GNB Sudameris for US $400 million in cash. HSBC has 62 branches in the four Latin American countries it is leaving - 24 in Peru, 20 in Colombia, 11 in Uruguay and seven in Paraguay. Following the purchase, GNB Sudameris will have consolidated assets of US $11 Billion.

2013

On September 10, 2013, Banco Sabadell announced that Jaime Gilinski became its largest shareholder as the anchor investor in a US $1.8 billion capital raise. Through the ABB and share rights issue, Mr. Gilinski s investment totals approximately US $500 million. Banco Sabadell is the 5th largest bank in Spain, with over US $220 billion in assets and a 13% market share.

2014

The family then moved to purchase Banco de Colombia for US $365 Million, in what was then the largest privatization in Colombia's history. A group of premier private equity Investors led by Morgan Stanley Asset Management investing US$65 million, Billionaire investor George Soros investing US$50 Million and Tiger Asset Management with US$35 million together with more than 100 other European and North American institutional Investors co-invested with Gilinski. Later, the family sold control of the bank to Banco Industrial Colombiano, and its controlling stakeholder Sindicato Antioqueño, in a deal valued at US$800 Million — a transaction that ranks among Colombia’s largest. Gilinski received US$418 Million for its stake and retained a minority position in the new bank as part of the deal. As of 2011, Bancolombia was the largest bank in Colombia with a market capitalization of US $13 Billion in the NYSE.