BlackRock has hired a vice president to its Chile-based team in charge of building relationships with institutional clients in that country.
In August, Jose Romero Paba joined a BlackRock group managing the firm's relationships with pension funds, corporations and insurance companies in Chile. He'll work on one of BlackRock's flagship products, its iShares franchise.
He joined from INTL FCStone, a US financial firm that provides trading and clearing services where he worked for about a year. There, he was in charge of opening the company's Chile branch and developing relationships with clients across the region.
Romero's resume also includes stints at Merrill Lynch, where he was a sales trader for the Andean region, and time at Colombian brokerage firms Casa de Bolsa and Acciones y Valores.
At BlackRock, he'll report to team leader Mauricio Perez Lavin, who joined the firm in August 2016 from consulting firm Latam Planning Partners, which he founded.
BlackRock runs $5.7 trillion total and about $100 billion for clients in Latin America. The firm entered the region as an ETF provider but it has since expanded its presence, including with the takeover of a $750 million Mexico-based infrastructure fund in 2015.