LarrainVial has appointed a new chief executive for Activa Private Debt, a division of the Chilean firm's alternative asset manager Activa.
José Correa, who has been with LarrainVial since at least 2011, took over the role in January. He replaced Eric Vucina, who spent a total of roughly 12 years at LarrainVial in a series of roles, including about two years in his last job as CEO of Activa Private Debt.
Vucina left LarrainVial in December to become CEO at DDRio Inversiones, a family office linked to Chile’s wealthy Del Río family.
Before moving to Activa, Correa was head of international sales at LarrainVial Securities, one of the Chilean firm’s brokerage units, according to his LinkedIn profile and to the US Financial Industry Regulatory Authority.
With offices in Santiago and New York, LarrainVial Securities focuses on US institutional investors seeking to invest in Latin America securities.
In his new role, Correa oversees a unit with $260 million in capital commitments, according to Activa Private Debt’s website. The firm focuses on investing in medium and small-sized companies in sectors such as commerce and agriculture. It lists 14 funds on its website.
Launched in 2005, Activa offers investment in nine areas, including energy, mining, agriculture and real estate financing. It boasts more than $1 billion in capital commitments.