Chilean businessman Renato Peñafiel and former Grupo Security executives joined the ownership of Spanish bank A&G, a leading private banking firm. The bank highlighted their financial expertise to drive growth. The announcement came via an official statement.
Renato Peñafiel, with over four decades in finance, joined the ownership of A&G alongside former Grupo Security partners. Founded in 1987, the firm is one of Spain's top independent private banks. Peñafiel led Grupo Security as general manager from 1995, diversifying into banking, insurance, and brokerage, and chaired it from 2022 until resigning in April 2025 after the Bice merger.
With him came Gonzalo Pavez Aro, director at Grupo Sigdo Koppers; Álvaro Vial Gaete, director at Detroit Chile; Fernando Salinas Pinto, Grupo Security's last CEO; and Ignacio Prado Romani, former Factoring Security general manager. All bring over 25 years in the industry.
Alberto Rodríguez-Fraile, A&G's president and founder, stated in the release: “We are pleased to welcome the new partners, all entrepreneurs I appreciate and share values and business vision with. I am convinced this alliance will bring new opportunities to all our clients”.
Renato Peñafiel said: “We feel especially honored to join a prestigious company like A&G and participate in its development with other former Grupo Security shareholders and executives. We hope to contribute our experience in banking and finance to its growth and diversification”.
A&G has over 100 bankers across 11 offices, manages more than 17 billion euros in assets as of December 2025, and runs asset managers in Spain and Luxembourg. On March 26, it had announced Latin American family offices like the Lería Luksic family's Wild Sur.
