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.
Roger Mogrovejo named to dual CIO role
Roger Mogrovejo has assumed CIO responsibilities at affiliated insurance companies Chilena Consolidada and Zurich-Santander.
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.
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.
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.
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.
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.
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.
Chile’s AFP Provida names Ruiz-Esquide as chief executive
The addition of Ruiz-Esquide was the latest in a series of shakeups at the Chilean pension manager, which is owned by Met Life.
Market praises role of Sergio Aratangy at pension regulator
The former Euroamerica AGF executive has put a "pro-market" stamp on his work at the Superintendencia de Pensiones regulator that oversees Chile's AFP industry.