This 30 year partnership began in 1989 at Leasing Grancolombiana, today Bancolombia, where Ricardo was named President and Jorge Commercial Manager of Leasing Bancolombia, the first leasing branch within a national bank in Colombia.
During the second term of 1990, Ricardo was summoned by Banco Unión Colombiano to initiate Leasing Union, the bank’s first leasing company, and to act both as CEO and shareholder. In 1991, Jorge joined him as Commercial Manager. Together they drove the company’s leasing assets from USD$965,000 to over USD $8M in 6 years. In 1996 AT&T CAPITAL/CIT GROUP commissioned the team to introduce leasing operations into Latin American financial structures. The work they carried out in Peru, Venezuela, Ecuador, Bolivia, and Colombia
was based on knowledge gained through studies and hands-on commercial experience in the United States and Europe.