With effect from 1 January 2026, Camilo will take on the new role of Chairman of Ashmore Colombia, in which he will continue to provide valuable insights and support to the executive management team. He has served as Ashmore Colombia’s CEO since 2009. Camilo will remain an integral member of Ashmore’s investment committees, devoting considerable time to the delivery of investment performance by the firm’s existing funds. He will remain fully aligned with Ashmore Colombia’s clients and shareholders through ongoing equity ownership and fund interests.

Juan Pablo Fonseca, currently Head of Investments and Acquisitions at Ashmore Colombia and Chair of its Executive Committee, joined Ashmore Colombia in 2012 after spending the early part of his career in investment banking, and has played a key role in deploying and managing nearly USD 900 million in multiple private equity transactions involving 28 companies across three Ashmore funds. The investment projects have spanned toll roads, power generation and transmission, transport and social infrastructure in Colombia, Peru and the broader Andean region. Juan Pablo brings to the role a wealth of experience in investing, capital raising, client relationships and project management.

Mark Coombs, CEO of Ashmore Group plc, said: “We are delighted that Juan Pablo will lead Ashmore Colombia in the next phase of its development, with exciting growth opportunities in private and public markets in Colombia and the broader Andean region. Under Camilo’s leadership, the firm has become a very successful part of Ashmore’s local asset management network. We are pleased to retain his investment expertise as he remains actively involved in the business as Chairman and will continue to participate in the investment process.”

Ashmore Colombia is also pleased to announce the appointment of Lucas Marulanda as Managing Director and member of the portfolio management team. Lucas brings more than 24 years’ experience of private equity portfolio management and joins the firm from Advent International, where he spent the past ten years sourcing and managing private equity investments in Central and Latin America across a wide range of industries. He will report to Juan Pablo Fonseca.

For enquiries contact

Diana Roa | diana.roa@ashmoregroup.com.co

About Ashmore Colombia

Ashmore Colombia is an asset manager with USD$2.3 billion of assets under management (as at 30 September 2025) across three strategies:  private equity, infrastructure debt and public equities. Ashmore Colombia is part of Ashmore Group plc,  a UK-based investment manager specializing in Emerging Markets and listed on the London Stock Exchange (LON:ASHM), with more than 30 years of experience and$48.7 billion in assets under management (as at 30 September 2025).