(Press Release) Gabriel Silva and German Efromovich, Managing Partners of Efromovich/Silva Capital Partners are delighted to announce the appointment of Maria Claudia Correa-Ordoñez as Operating Partner to the firm. Previously, she was the CIO of Skandia Old Mutual, one of the leading financial services companies in Colombia.

Old Mutual, an international long-term savings, protection, banking and investment Group was founded in 1845 in South Africa and is listed on the London and Johannesburg stock exchanges. It operates in 34 countries, manages £262 billion from core operations and counts with 14 million clients.

Maria Claudia brings 25+ years of experience working in the financial sector where she managed a US$12 billion portfolio, spanning Colombia, Mexico and Uruguay. As a successful leader to her team, Maria Claudia achieved top performance quartiles as well as industry recognition for risk/return management and innovation. She has had successful experience in portfolio management as well as financial planning and delivery, key features for the success of a private equity firm.

In her previous positions at Skandia, Maria Claudia successfully implemented strategic corporate decisions such as the buy-out of minority share-holders, sustainable growth through the implementation of a decentralized budget, and focus on market and credit risk analysis as the basis of portfolio management amongst others. Before Skandia, Maria Claudia held positions in the Financial Superintendency, the Central Bank and the Ministry of Finance of Colombia.

Maria Claudia comes at a strategic time for Efromovich/Silva as the firm poises itself to achieve the initial closing of its first private equity fund Ancla 360 to begin investing soon after.

Efromovich/Silva Capital Partners is a regional private equity firm, established in 2012 and managed by German Efromovich and Gabriel Silva, entrepreneurs with extensive business experience, reputation and proven capabilities to create value in a wide range of sectors and companies in LATAM. The firm is headquartered in Bogotá and has offices in Rio, Madrid and Washington. The Managing Partners are well-known entrepreneurs with proven track record in multi-billion asset management, and an established network of companies and business relationships, offering an ideal position to access and create opportunities.

Efromovich/Silva is currently raising capital for its first fund, Ancla 360 a full business cycle to begin operations in 2015, with a USD 300M final closing expected in late 2014. Ancla 360’s multi-sector approach targets opportunities in LATAM and the Caribbean focused in Brazil, Colombia, Peru, and Spanish and Portuguese companies with current or potential markets in the region.