Sergio Soto González was named the new chief executive of Santander Asset Management in Chile.
The firm made the announcement in a statement to the Chilean market regulator on April 4 and said the change was effective immediately.
Soto replaces María Paz Hidalgo who recently left the firm. She worked at the group for two decades, including 10 years as the CEO of Santander Asset Management.
A spokeswoman for Santander Chile declined comment further on Hidalgo's departure.
Soto, the former head of non-financial risk at Banco Santander in Chile, has been with group for more than 20 years. He joined in 1996 in the investment division of AFP Summa Bansander, a pension fund Santander later sold and that became AFP Capital.
He has also managed mutual funds, research and client relations for the Spanish financial giant.