Jorge H. Botero

Senior Counsel

Botero, Jorge

Jorge Botero has held high level positions in the public and private sector in Colombia, including Minister of Commerce, Industry and Tourism, Head Legal Counsel to the President of the Republic, President of the National Banking Association, President and founder of the Private Pension Funds Association, and most recently, President of the National Insurers Association. He also served as a member of the Board of Directors of the World Bank Group.

Public Policy and Regulatory

In his many public and private positions, Mr. Botero has been deeply involved in public policy and regulatory work. He participated in the design of the World Bank ´s policies to face the 2008 global financial crisis, developed and promoted public policies to expand the insurance market in Colombia, successfully advocated for the passage by the Colombian Congress of an insolvency regime for domestic and foreign investors, drafted policy memos for presidential candidates on topics ranging from public health to banking, drafted regulatory decrees to implement the private pension fund system, participated in congressional debates to support the adoption of the new social security system, represented various industry groups in the debates that led to the adoption of the 1991 Colombian Constitution, represented the National Association of Industries in congressional hearings, and participated in the design of several tax reforms.

Banking and Finance

At the World Bank, Mr. Botero was responsible for approving loans requested by Governments and private companies of member countries. Previously, he acted on behalf of the banking industry in a joint effort with the Government of Colombia to find solutions to the 1998 financial crisis. In addition, he restructured the Colombian Banking Association to overcome its insolvency, and acted on behalf of the financial sector in the peace negotiations with insurgent groups led by the Government. Mr. Botero also served as chairman of Banco Cafetero. In that position, he obtained a capital infusion required to mitigate the bank’s insolvency problems, and launched the first credit card targeted to the Colombian agricultural sector.

Insurance

Mr. Botero has represented the Colombian insurance industry before governmental authorities and private sector organizations. As president of the National Insurers Association, he worked to strengthen the role insurance companies play in social security, with a focus on expanding retirement and disability and life insurance products.

Arbitration

Mr. Botero has acted as arbitrator and chairman of arbitral tribunals in several local arbitrations concerning infrastructure, energy and corporate disputes.

Other Professional Activities

Mr. Botero has been an op-ed columnist for El Colombiano, La República, El Heraldo and La Patria, writing about economics, finance, politics, law, and foreign trade. He has been a member of the Advisory Board of Corporación Excelencia por la Justicia, and has lectured in several universities and industry symposiums. Mr. Botero has also served as director and advisor to companies in the banking and financial services, energy, infrastructure, trade, telecommunications, and agricultural industries.

Languages

English

Spanish

Education

Universidad de Antioquia, Law Degree

Admitted to Practice

Republic of Colombia

Jorge Botero has held high level positions in the public and private sector in Colombia, including Minister of Commerce, Industry and Tourism, Head Legal Counsel to the President of the Republic, President of the National Banking Association, President and founder of the Private Pension Funds Association, and most recently, President of the National Insurers Association. He also served as a member of the Board of Directors of the World Bank Group.