In the 1980s Álvaro Saieh started his business activity, acquiring – along with other investors of Arabic roots, including Carlos Abuhomor – the Banco Osorno y la Unión.
During the 1990s he also acquired AFP Provida, currently one of the leading pension fund managers in Chile; then, during the same decade, he sold both companies to international groups.
This institution gradually grew up, entering the global market with operations in several countries of Latin America, such as Peru, Argentina and Colombia, and opening offices in Madrid and New York City.
Within this process of growth, in 2011 CorpBanca made the largest investment of a Chilean company abroad, acquiring Banco Santander Colombia in an operation close to US$1.2 billion.
In the following years Álvaro Saieh expanded his activities, creating CorpGroup, a conglomerate with investments in the financial, retail, real estate, hotel, and media business.
[9] VivoCorp is the company that gathers all the real estate business of CorpGroup, with 70 stand-alone stores, 60 strip malls and 3 power centers.
Founded in 2002 along with his daughter Soledad, Fundación CorpArtes' objective is to promote the arts and improve the access to it through transformative cultural experiences.
Born from the initiative of the Sociedad Educacional Colegio El Golf S.A. and Tacal, Mírame y Amigos por Siempre foundations, Fundación Descúbreme conducts awareness campaigns, job inclusion, and social projects.