Santander Asset Management Chile’s chief investment officer has left the firm after almost six years.
Luis Aliste Esquivel stepped down from his post at Santander effective February 28, the firm said in a statement to the Chilean market regulator. It is understood he hasn’t joined another firm and is considering his options.
Aliste joined Santander as Chile CIO in 2012 from Compass Group Chile, where he was head of investment for almost four years.
From 2006 until 2008 he served as CIO of Cruz del Sur AGF, which Chilean financial firm Grupo Security acquired in 2015. He has also worked at Chilean insurer Corp Vida and AFP Provida.
Santander Asset Management Chile, which in April of last year appointed Sergio Soto as its chief executive, didn’t reply to requests for comment from Citywire Americas. It’s understood the firm hasn’t yet appointed a replacement for Aliste.
Santander Asset Management has also recently implemented changes in its global team.
In early February, the Spanish firm named Mariano Belinky as its overall CEO to replace Juan Manuel San Román, who left the firm for personal reasons after roughly a year in his role.
Moreover, Citywire Americas reported in mid-January that Santander Asset Management was set to name Gonzalo Milans del Bosch as its new global CIO to replace Dolores Ybarra. The firm confirmed to Citywire Americas in mid-February that it had made the appointment official.
Santander Asset Management runs €182 billion in 11 countries in Europe and Latin America. The unit is part of Grupo Santander, which in September announced it would bring its asset management and private banking units under a new wealth management division.