Ignacio Montes leaves Credicorp Capital

The executive signaled that a new project is in the offing, but it was unclear whether he will remain in the asset management industry.

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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.

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Roger Mogrovejo named to dual CIO role

Roger Mogrovejo has assumed CIO responsibilities at affiliated insurance companies Chilena Consolidada and Zurich-Santander.

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Colombia’s Davivienda hires Itaú selector to run its international investment area

Corredores Davivienda, a Colombian brokerage firm, has hired ex-Itaú senior fixed-income fund selector Lucas Toro Duque as its head of international investments.

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With Santibáñez hire, Security moves to distribute international brands

While Security already has a distribution alliance with Oaktree Capital Mgt., the hiring away of Enrique Santibáñez from Bice was seen as a major step in fully developing this line of business.

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Morgan Stanley jumpstarts Latam Offshore distribution with Arakaki hire

A veteran in Latin American distribution circles, Victor Arakaki got his start in asset management at HSBC Brasil in 2007, where he remained until 2014, when he joined Deutsche Asset Management/DWS.

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Miguel Varas joins Amundi’s Latin American team

The former AFP Provida executive will take on a client segment made up of central banks and sovereign funds, while also working to strengthen already-established distribution ties with regional AFPs.

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AFP Provida takes steps to recover market share

Provida, for many years the leader in overall AUM in the Chilean AFP industry, has reduced its fees and made a key hiring on the investment side to shore up its sagging market share.

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Merged Principal-Metlife Afore names new CIO

Néstor Fernández, who has spent a great deal of his career with MetLife, was named head of investments of Principal Afore, following its acquisition of MetLife Afore.

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M&G strengthens Latin American sales team

The European manager has fortified its Latin American sales team with the hiring of Madrid-based Ander López Francoy as sales director for the region.

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