In this interview, Guillermo Tagle explains the background, projection, and relevance of the acquisition of RiskAmerica for DCV and the Chilean financial system.

How does this transaction fit into the history of DCV?
I believe it is one of the most significant milestones in our more than 32-year history. In terms of transformation, it is similar to the technological change to Nasdaq, which we experienced a few years ago. Incorporating RiskAmerica marks a significant step towards a new scale of operation, expanding the range of services we offer to the capital markets.

Why RiskAmerica and why now?
RiskAmerica has been a reliable, secure, and independent source of information to value assets and has played a crucial role in the development of the national market. It was born from a group of professors at Universidad Católica and has maintained neutrality towards the different stakeholders. This step allows RiskAmerica to project its mission over time, but now with more resources and institutional backing.

What is the strategic value for DCV?
DCV was born to hold securities, but our vision has always been to help the capital market develop and operate more effectively. Having a robust information platform such as the one provided by RiskAmerica strengthens that mission. In addition, it opens opportunities to project ourselves regionally, something difficult to do with custody services alone, but feasible with services such as those provided by RiskAmerica.

How did this process come about?
It was long and thought-provoking. We formalized our interest a few years ago and worked with the CMF to find a suitable structure. This was not an impulsive decision, but a shared evolution of both DCV and RiskAmerica.

They have insisted that this is neither a merger nor a takeover. How would you describe the relationship between the two entities?
It is a strategic complementarity. What RiskAmerica does, DCV did not do, and vice versa. Their commercial focus and agility are combined with our high standards of compliance, safety, and regulation. The goal is to enhance each other, not to overlap.

They have insisted that this is neither a merger nor a takeover. How would you describe the relationship between the two entities?
It is a strategic complementarity. What RiskAmerica does, DCV did not do, and vice versa. Their commercial focus and agility are combined with our high standards of compliance, safety, and regulation. The goal is to enhance each other, not to overlap.

From a broader perspective, how does this transaction impact the market?
This is the union of two entities that were born with a vocation of trust. Both have independence, neutrality, and a culture oriented to deliver accurate information to the market. This partnership reinforces that. In addition, it allows us to move towards more demanding and transparent standards.

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