Vanguard has hired three sales and client relationship managers for its recently opened Mexico City office.
The passive giant is ramping up its growth efforts in the region after opening its first Latin American office in the Mexican capital in October.
A Vanguard spokesperson confirmed the new hires include Denise Casellas, who has been hired as a sales consultant from Sura Asset Management, a leading asset manager and pension fund in Mexico.
Casellas had been a product specialist at Sura for the past year and prior to that had spent four years at Santander Asset Management as a vice president in business development.
The second hire is Guillermo Vilchis, who has joined as a sales executive from Citibanamex, Citigroup's Mexico broker-dealer, where he was an equity sales trader for the past four years covering institutional clients.
Previously, he had spent seven years at Merrill Lynch where he held several roles within the equity desk.
The final recruit is Pablo Bernal, who has also joined Vanguard as a sales executive from boutique asset manager Sherpa Capital, a specialist in Mexican equities, where he’d been an equity portfolio manager since 2012.
Prior to joining Sherpa, Bernal worked at BlackRock's iShares division as a business development analyst.
His previous role at Sherpa has been taken on by Guillermo Armida, who joined the boutique as an analyst in 2015. It is not yet known who Sura and Citibanamex have appointed to replace Casellas and Vilchis.
All three recruits will report to the head of Vanguard’s Mexico business, Juan Manuel Hernandez, who was hired from BlackRock in October.
In November Hernandez said he was looking to hire three people for his team and revealed the group’s growth plans for Mexico, including the new products they were going to launch.