operation close to US$1.2 billion. Later, Saieh acquired Helm Bank, transforming CorpBanca Colombia into the fifth private bank of the country. CorpGroup In the following years Álvaro Saieh expanded his activities, creating CorpGroup, a conglomerate with investments in the financial, retail, real estate, hotel, and media business. Itaú CorpBanca In 2016 Corpbanca merged with the Brazilian bank Itaú. Currently the conglomerate is the fourth largest private bank in Chile, with a market share of around 8% and a stock market capitalization of approximately US$3.4 billion. SMU In 2007 the Saieh family purchased Unimarc supermarkets, entering the retail business. This marked the beginning of SMU, the third supermarket chain in Chile and the one with the largest national coverage. SMU operates with wholesale chains (Alvi and Mayorista 10), convenience stores (Ok Market), supermarkets (Unimarc), and a hardware chain (Construmart). SMU is also present in Peru, through Mayorsa supermarkets. Saieh resigned from his position as president of SMU in 2018. VivoCorp VivoCorp is the company that gathers all the real estate business of CorpGroup, with 70 stand-alone stores, 60 strip malls and 3 power centers. With 350,000 m2 between malls and outlet stores, its main assets are Mall Vivo San Fernando, Mall Vivo Los Trapenses, Panoramic Mall and El Centro Mall, in addition to the participation in Casa Costanera. VivoCorp also owns Maipú and Peñuelas outlet stores, in addition to the early opening of La Florida and Temuco outlet stores. During 2017 two major projects are also expected to materialize: Mall Vivo Coquimbo and Mall Vivo Imperio, in addition to the construction of Mall Vivo Santiago. Hyatt Hotels In Chile, Hyatt counts with two hotels: Grand Hyatt Santiago and Hyatt Place Vitacura. CorpGroup also owns 50% of stake in a partnership with the Mexican group City Express. Since 2016 this company owns its first hotel in Chile, the City Express Santiago Airport. Companies Some of the holding's companies that provide backoffice services to other enterprises of the group are: Aeronest SA, Corp Imagen y Diseño SA, Corp Research SA, CorpGroup Holding Ltda., Hotel Corporation of Chile SA, Inmobiliaria Edificio CorpGroup SA, CorpGroup Interhold SPA, Inversiones HSG SA and Punto H S.A. Foundations Among the activities that Álvaro Saieh has developed with his family in recent years, is the creation of two foundations: Fundación CorpArtes and Fundación Descúbreme. Founded in 2002 along with his daughter Soledad, Fundación CorpArtes' objective is to promote the