He founded, and serves as CEO, of Grupo Aval Acciones y Valores, SA, a holding company that controls numerous telecommunications, real estate, and banking interests. Unlike many large corporations around the world, Luis Carlos Sarmiento’s company has managed to grow in worth throughout the 2000s, as Colombia’s stock market has been quite strong. Now in his late 70s, he is grooming his son to take over his massive business empire.
