Banchile Inversiones' asset management arm has hired a Sura Asset Management Chile analyst as a portfolio manager for international equities.
Camilo Miranda Montecinos joined Banchile Administradora General de Fondos (AGF) on July 24 after over two years as an international equities analyst at Sura, which declined to comment on his exit.
At Banchile AGF, Miranda has taken over the responsibilities of former portfolio manager Dirk Mengers, who left the firm in May to join AFP Provida, Chile’s second largest pension fund with $48.7 billion in assets as of the end of June.
Along with his boss, Carol Carvajal, Miranda makes up Banchile AGF's international equities team, which is in charge of selecting mutual funds, ETFs and stocks.
The duo runs $480 million across 16 vehicles, including three investment funds, as well as Asian equities and developed Europe mutual funds, according to a Banchile spokesperson who also confirmed Miranda's hire.
Miranda started his career at Sura, where he was part of international equities team managed by Pedro Pablo Palma, which ran funds such as the Selección Global, a vehicle investing in developed markets.
Other recent personnel changes at Banchile's asset management arm include the exit of Hugo Aravena, a former assistant manager for international equities strategy and alternative assets, who joined BTG Pactual Chile in June.
Banchile AGF, which runs about $12.5 billion and ranks as one of Chile's top managers in terms of assets, recently announced an agreement to distribute funds for European group Edmond de Rothschild.