Larrainvial fund selector Alfredo Dihmes has joined Chilean rival Bice's distribution team, becoming the third portfolio manager to leave the firm's international equity team since August.
In November, Dihmes joined Bice’s distribution team to market the firm’s own products, as well as Goldman Sachs Asset Management funds, to institutional investors.
At LarrainVial, Dihmes was a portfolio manager in an international equities team that also included Miguel Ángel Suárez, who took on a senior wealth management role at the firm in September, and Sebastián Rodas, who left at the end of August. Citywire Americas understands he hasn’t joined another group yet.
The changes came as LarrainVial merged its international equities and asset allocation units in a bid to improve its investment process and boost its product range, Citywire Americas reported in September. José Manuel Silva and Patricio Muñoz lead LarrainVial’s new asset allocation team.
At Bice, Dihmes will be in charge of distributing Goldman’s offshore equity and fixed income funds.
Citywire Americas understands the firm has seen high demand for the US giants’ core products, including the Goldman Sachs Emerging Markets Core, in which the local AFPs had invested $436.6 million as of October.
Led by Enrique Santibañez, Bice’s distribution team also includes María Ana Naretto, as well as Andrea Marín and Patricio Robles in operations.
Before his time at Bice and LarrainVial, Dihmes worked as the head of foreign investment at Chilean insurer Penta Vida, where he was also an investment analyst. He had held a series of business analyst roles before joining LarrainVial.