About

Consorcio Financiero is a leading financial services group in Chile, engaged in a wide range of activities that manages a total of $13bn in assets. In charge of the legal department of the banking segment of the group Banco Consorcio, Alvaro Larraín provides legal support to three distinct lines of business: individuals, small and medium-sized businesses and financial investments. Described by a source as a ‘highly knowledgeable GC’ with a ‘fantastic technical understanding of the financial services industry’, Larraín is tasked with overseeing the legal defence of the bank and is responsible for the bank’s compliance with all existing standards. In addition, Larraín has been key in all new initiatives undertaken by the bank, recently supporting its efforts to introduce current accounts for corporate banking, to launch a preferential banking service and to open a fourth branch for customers with incomes of less than $1.2m. Prior to being appointed as the general counsel at the Banco Consorcio seven years ago, Larraín worked there as a lawyer providing assistance to the bank on a variety of issues. His experience of the bank’s operations over time has placed him at the centre of the organisation’s strategy, offering both legal and commercial advice.