He was born in Cuenca, on July 5, 1859, to Doctor Luis Malo Valdivieso, a lawyer and lieutenant colonel who also was a rich merchant, and Mistress Jesús Andrade Morales, niece of the President of Ecuador, Doctor Jeronimo Carrion y Palacio.
In 1877, he traveled to Europe to live in Paris and London, where he studied economy and law.
He stayed there until 1879, and returned to Cuenca, where he was established until 1883, when he returned to Paris. They had eleven children. In 1912, he imported from London to Cuenca, the first automobile that arrived to the city.
In 1913, he founded Cuenca"s first Bank, Banco del Azuay, and in 1919, Cuenca"s Commerce Chamber.
He participated in the opening of a branch of Ecuador"s Central Bank in Cuenca, in 1928, of which he became President. He died in his city, on February 14, 1932, aged 72.
