AFP y Cesantías Protección S.A.

Overview

AFP y Cesantías Protección S.A. is a Colombian pension fund manager specializing in mandatory and voluntary pension funds and severance funds. It is the second-largest AFP in Colombia, behind AFP Porvenir, with approximately five and a half million affiliates. The company was founded on August 12, 1991, initially as a severance fund, and later expanded to include voluntary pension funds in 1993 and mandatory pension funds in 1994. The company is a subsidiary of Grupo SURA, with a 52.3% ownership stake, and other shareholders include Bancolombia (19.9%), Colsubsidio (14.47%), Cornerstone (6.64%), and minority shareholders (6.69%). The company's investment strategy focuses on managing and investing the funds of its affiliates, aiming to provide competitive returns and ensure the financial security of its clients. AFP y Cesantías Protección S.A. offers a range of investment products, including mandatory pension funds, voluntary pension funds, and severance funds, catering to the diverse needs of its clientele. The company operates primarily within Colombia, serving a large base of individual and corporate clients seeking reliable and secure investment solutions. As a leading pension fund manager in Colombia, AFP y Cesantías Protección S.A. has established a strong track record in the financial services industry. Its affiliation with Grupo SURA, a prominent financial conglomerate, underscores its commitment to maintaining high standards of governance and financial performance. The company's focus on providing comprehensive and accessible investment services has contributed to its growth and reputation in the market.