Credicorp says Eduardo Montero Dasso resigns as CEO

Credicorp says Eduardo Montero Dasso resigns as CEO

Credicorp, a leading financial services holding company, has announced that Eduardo Montero Dasso will step down as the company's CEO. The resignation comes after 10 years of leadership under Dasso, who has played a pivotal role in shaping Credicorp's transformation and growth over the past decade.

The announcement was made on July 2, 2025, and it is expected that the transition will be seamless. Credicorp's board of directors will soon appoint a new CEO to lead the company into its next phase of development. The search for a successor is already underway, and the board has expressed confidence in finding a suitable candidate who will continue to drive the company's strategic vision.

Dasso's departure marks a significant change in leadership for Credicorp, which has been a key player in the Peruvian financial sector and has expanded its operations across multiple countries. His tenure was marked by strategic initiatives aimed at innovation, growth, and sustainable value creation in financial services.

The company has not disclosed specific reasons for Dasso's resignation. However, the announcement comes at a time when Credicorp is preparing for its 2025 Investor Day and 30th IPO Anniversary Celebration, scheduled for October 9, 2025, in New York. The event will provide an opportunity for the new leadership to communicate the company's integrated strategy and future growth plans to institutional investors and analysts.

Credicorp's stock has seen recent changes in institutional holdings. According to data from Quiver Quantitative, several institutional investors have adjusted their positions in Credicorp shares. For example, ARGA Investment Management LP decreased its position by 9.3% in the first quarter of 2025, while Assetmark Inc. lifted its holdings by 173.1% in the fourth quarter [1].

The company's stock performance has been relatively stable, with a market cap of $17.87 billion and a PE ratio of 12.22. The stock has a consensus rating of "Hold" from Wall Street analysts, with an average target price of $211.00 [2].

In the coming months, investors will be closely watching Credicorp as it navigates this leadership transition and prepares for its upcoming Investor Day. The new CEO will have the challenging task of maintaining the company's momentum and ensuring continued success in the competitive financial services sector.

References:

[1] https://www.quiverquant.com/news/Credicorp+Announces+2025+Investor+Day+and+30th+IPO+Anniversary+Celebration+in+New+York
[2] https://www.marketbeat.com/instant-alerts/filing-arga-investment-management-lp-decreases-stock-position-in-credicorp-ltd-nysebap-2025-07-08/