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26. Mr. Francisco Mozó

CEO, Principal Life Insurance Company, Chile


University & Degrees:

University of Chile, School of Economics. (1981–1987)

Graduate School of Business, University of Chicago (1987 – 1989)

Licentiate in Economics Business & Administrative, University of Chile (1986)

Commercial Engineer, University of Chile (1986), Graduated with honors

Master of Business Administration (1989), University of Chicago. Specializing Finance, Business Economics

Professional Experience

Risks Analyst, Pension Funds Regulatory Commission (1986 – 1987)

In charge of risk classification of several finance instruments.  Develops different projects aimed at bettering the norm which regulates pension funds investments, amongst them: proposition to change risk classification process and future and option proposals as investment alternatives for the pension funds.

Deputy Manager Money Desk Consorcio Nacional de Seguros de Vida (1990 – 1992)

Responsible for finance operations involving management of a US$M800 investment portfolio, the objective of which was to excel the results of the company’s investment policies.

Investment Manager Consorcio Nacional de Seguros de Vida (1992 –1993)

Finance Manager Banmédica S.A., (1993-1995)

Finance Manager of Banrenta Company, Banmédica Life Insurance (1993 – 1996)

Responsible for taking care of the US$M300 investment portfolio.  Member of the business team together with Banmédica’s and Banrenta’s Chief Executive Officers that negotiates joint venture with Principal Financial Group.

Finance Manager Banmédica S.A. (1993 – 1998)

Responsible for Banmédica Holding financing management.  Leads two Banmédica’s S.A. share offerings external credit whith Rabobank for US$55 million.

Development Manager Banmédica S.A. (1996 – 1998)

He actively takes part in designing Banmédica’s S.A. strategy which meant concentrating in businesses related to the areas of health and life insurance.  As a result of this, together with the Chairman of the Board of Banmédica S.A. and with the Chief Executive Officer, is member of the business team selling Banmédica’s S.A. participations in Argentina and Perú Pension Fund Administrators.

Proposes the division of Banmédica into two stock companies, Health and Life Insurance, as a way of diminishing capital cost and increasing Banmédica’s S.A. value for its shares.

He is part of the business team together with Banmédica’s Chief Executive Officer and Isapre Banmédica’s Deputy Manager that leads the acquisition of the Intersanitas Group which owns a private healthcare company and Ambulatory Medical Centers.  This operation was concluded in August 1997.  Isapre Banmédica and Intersanitas’ merge leaves Banmédica as the biggest in the market with revenues of US$260 million and the Medical Centers complement Banmédica’s two private clinics consolidating it as leader in the area of private health.

A Regional Seminar on the Development on Non-Bank Financial Institutions in Latin America Region

Santiago- Chile

12/4/2002Page 29 of 49

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