About

Grupo Security is a diversified financial conglomerate that provides a range of banking, insurance, asset management, real estate and other services to corporate and retail clients. It is structured on the basis of four business areas (financing, asset management, insurance, and services), around which its 13 companies are clustered. Consisting of lawyers who are positioned in close proximity to these companies, including the group’s main asset Banco Security, the legal team at Grupo Security is more than capable to provide highly reliable day-to-day legal support to each business area. In addition, the team serves as a key advisor to senior management on such important strategic areas such as digitisation and expansion. The former is a major area of focus of the bank’s current strategy, as senior management feels that investments in new technology could prove to be crucial in its search for a competitive advantage in the market. Grupo Security has recently launched a project to develop an internal business segment named “Corporate Management Digital Business Development” which will introduce technological change in the areas of structured finance, insurance, investment and asset management. The legal team’s understanding of various sides of Grupo Security’s business is expected to be relied upon during the project’s implementation. The legal department has also impressed with its advice on corporate transactions and its involvement in the 2015 acquisition of a 61% stake in the Peruvian insurer Protecta is particularly noteworthy. This strategic deal for the company represents a major step towards the expansion of the company’s financial services markets outside of Chile.