Portfolio manager Roberto Paut has joined Chilean asset manager BICE Inversiones as head of international equity and balanced funds.
He joined BICE Inversiones in early April after leaving Santander Asset Management Chile in October, where he was more recently head of balanced funds.
Prior to working at Santander for five years, Paut was a global equity manager for almost two years at ING Investment Management (now NN Investment Partners). He also had stints at ING and AFP Capital.
BICE Inversiones has also hired Karina Durán, who started Tuesday as a bond trader, reporting to the firm's fixed income manager, Marco Gallardo.
Durán joins from the Santiago Stock Exchange. She replaced José Miguel Alcalde, who moved to BICE's brokerage unit as an internal fixed income trader. In addition to Durán, Gallardo's team includes bond trader Carlos Poblete and portfolio manager Bernardo Hasenlechner.
Citywire Americas understands that Paut was removed from his post at Santander in October. A spokeswoman for the firm declined to confirm whether he was removed and declined to comment on the circumstances of his departure.
Santander Asset management Chile has experienced several management and analyst changes in recent months.
The firm named Sergio Soto González as its new chief executive in early April. He replaced María Paz Hidalgo, who recently left the firm.
In January, Citywire Americas reported that former head of Andean equity Pablo Bello and analyst Andrés Navarrete had left Santander Asset Management Chile to join BTG Pactual. Santander hired Héctor Godoy Díaz from BICE Inversiones to replace Bello.