Héctor Cateriano, partner and CEO of MAS Equity Partners, has been elected president of ColCapital. (Photo credit: ColCapital)

Cateriano, partner and CEO of MAS Equity Partners, takes over the role from Mauricio Salgar, managing director of Advent International for the Andean region, who served as president for the past year.

In a statement, ColCapital said that Salgar, “ends an excellent year presiding the association” and that “we greatly appreciate his support and the dedication towards ColCapital’s achievements during the last year.”

Cateriano will bring roughly two decades of experience in private equity funds to his leadership role at ColCapital, the leading association for a private equity community in Colombia.

The association engages in advocacy for the sector, conducts research, hosts events, and aims to support those looking to make investments or otherwise engage with private equity firms in the nation.

At the end of 2017, a year in which ColCapital held a record 88 events, the association included 116 member organizations.

Leading Colombian institutions — including Bancolombian and Bancóldex — are among the members in addition to major global names such as BlackRock, Pegasus, Baker & McKenzie, Aon Risk Services, Crowe Horwath, Arthur Gallagher, BBVA Asset Management, and Ernst & Young.