April proved to be a busy month for executive changes, as shareholder meetings convened in Chile. Changes at Moneda, Credicorp and Planvital garnered the most attention.
AFPs looking to local banks and insurers to strengthen alternatives teams
New investment rules have provoked a hiring spree among Chilean AFPs, which are revamping their organizational structures on the strategy side to best take advantage of new investment opportunities.
Vision Advisors creates business development area, led by Javiera Prado
As a replacement for Prado in the institutional area, Vision has named an executive that had previously worked for local third-party representative Swiss Advisors.
AFP Planvital names new chief of foreign investment
The new head replaces Javiera Prado, who left to join Vision Advisors as institutional manager some months ago.
Delay in kickoff of independent-worker pension scheme impacts AFP Planvital and BTG
AFP Planvital is about to become a direct victim of the delay, since it would have benefited from independent workers' new compulsory flows. The situation complicates any potential plan by the AFP's owner - BTG Pactual - to sell the AFP to a third party.