Columbia Threadneedle Investments is doubling down on its bet on the US offshore, Mexican and Brazilian markets through new appointments within its distribution team.
The $484 billion UK/US manager has appointed distribution manager William López to a dedicated role covering Mexico and US offshore, according to a spokesperson for the firm. He had already been covering those markets on a part-time basis in his previous role as sales manager for Latin America.
In Mexico, López will work alongside Columbia Threadneedle distribution partner Grupo Bursátil Mexicano (GBM) to focus on institutional sales efforts.
‘Over the past couple of years, Columbia Threadneedle has started building a presence in Latin America through a combination of partnership agreements in Mexico and Brazil and our first office opening in Chile last year,’ the spokesperson for the firm said.
On the US offshore market, the spokesperson added: ‘We see a lot of potential here and we have confidence in William’s ability to take on this new role.’
Separately, the firm has assigned Santiago Zarauza, country head for Chile and the Andes, to also cover Brazil along with Columbia Threadneedle's local partner, Rio Bravo Investimentos.
López and Zarauza will continue to report to Rubén García, head of Iberia and Latin America distribution.
In 2015, the US/UK firm and the Brazilian boutique reached an agreement that included the launch of a local feeder fund investing in the Columbia Threadneedle European Select strategy.
Columbia Threadneedle opened its Chile office, its first location in Latin America, in 2016 and hired Santiago Zarauza from local financial firm HMC Capital to run it.