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Finance
AIG Metropolitana
Juan Luis Campos
President
Av. 12 de Octubre 1561 and Madrid, Quito
Tel: +593 2 255 42 25
www.superban.gov.ec, www.aig.com.ec
Area of activity: Bank supervision
Date of creation: 1969
Employees: 107
Annual turnover: $50 million USD
AIG is a multinational company that was originally
founded in Shanghai (China) and subsequently
became a major global insurance provider. In Ec-
uador, the company has been present since 1969,
with offices in Quito, Guayaquil and Cuenca, in-
suring thousands of businesses and households
and providing them with efficient support.
Currently headquartered in the United States, it
leads the global insurance and financial services
industry. AIG’s international businesses also in-
cludes asset management and other service such
as, aircraft leasing, financial products, trading
and market making, consumer finance and institu-
tional fund management, retail direct investment,
investment management in real estate and retire-
ment funds. AIG shares are publicly traded in New
York, London, Paris, Switzerland and Tokyo.
One of the core objectives of the company is to
innovate and launch new products and services
whilst providing customized high-quality services
to its clients.
Currently, AIG Metropolitana is one of the Big 5
companies within the insurance sector of Ecua-
dor, with 6% of the total market share, but being
the first one in terms of profitability. The major-
Aseguradora del Sur is a serious, trustworthy and trans-
parent organization that is led by a team of professionals
sensitive towards social concerns; always trying to con-
tribute to the development of local society. In accordance
with its program of social compromise, every year Asegu-
radora del Sur chooses a charity which they will support..
“I try to convey tomy children themystique ofAseguradora
del Sur, which is the honesty, recognized both in the coun-
try and abroad. As a result, I have good reinsurers and I
just assured the Ecuadorian Armed Forces, which is the
largest institution in the country. “
Rodrigo Cevallos Brehill
President of Aseguradora del Sur
ity of its clients are private companies, many of
which are multinationals. The company is inter-
ested in further expansion and is currently charac-
terized by promising financial indicators.
BANCO PICHINCHA
Dr. Fidel Egas Grijalva
President
Av. Amazonas and Pereira, Quito
Tel: +593 2 298 0980
www.pichincha.com
Area of activity: Bank
Date of creation: 1906
Employees: 4000
Deposits: $3911 million USD (2009)
The Bank of Pichincha was created on April 11, 1906
in Ecuador.
Since its creation, the bank has established its stra-
tegic priority as working on the foreign exchange
market. Thanks to the efforts of the former Vice Pres-
ident, the institution was able to place funds abroad
with the initial capital of 600 thousand sucres, which
marked the beginning of the legal existence of Ban-
co Pichincha and the start of its global operations.
The first bank branch was established at the inter-
section of Venezuela and Sucre, under the owner-
ship of Juan Francisco Freile.
Its first board of directors consisted of the famous
Ecuadorians: Jijón Manuel Larrea (founding presi-
dent), Manuel and Ignacio Fernández Donoso Freile
Salvador (founding managers).
People walking as they pass by a Banco Pichincha office
in Guayaquil
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