A fund selector at Peruvian pension fund Profuturo AFP has departed after five years with the firm.

Humberto Aparicio joined Profuturo in December 2012 as a financial operations analyst, according to his LinkedIn profile. He later moved on to the alternatives investment team before becoming a fund selection and alternatives senior analyst.

His resume also includes stints at Scotiabank Peru and at the Bolsa de Valores de Lima, the stock exchange in Peru’s capital.

Profuturo confirmed Aparicio's departure and Citywire Americas understands he has left the investment management industry  and is now the chief financial officer of a Peruvian bakery chain.

Scotiabank-bank owned Profuturo runs about $10.7 billion in assets, according to its most recent annual report.

Peru's private pension system features four AFPs that together run roughly $43 billion, with the other firms being Habitat, Integra and Prima.

Recent changes in the AFPs' investments teams include the appointment of Roberto Melzi as chief investment officer of Integra after the former head left to join an insurer.