Columbia Threadneedle Investments has opened its first Latin American office in Santiago, Chile.
As its first proprietary distribution hub for the Andes (Chile, Peru and Colombia), the new office will serve the asset manager’s institutional and wholesale clients in the region.
Columbia Threadneedle has also appointed Santiago Zarauza Riestra as country head for Chile, reporting to Rubén García Paéz, head of Iberia & Latam distribution.
In his role, Zarauza Riestra is responsible for deepening and strengthening the asset manager’s relationships with existing and potential clients, with a particular focus on pension funds, mutual funds, insurance companies, fund of funds as well as family offices, independent investment advisers and private banks.
Based in Santiago de Chile, Zarauza Riestra joins Columbia Threadneedle from HMC Capital where he had been head of Institutional Sales for Latin America for the last two years. Prior to his last role, he spent 10 years at JP Morgan Asset Management in various sales positions in Santiago, São Paulo and New York always covering Latin American markets.
He participated in the launch of the local asset management business in Brazil and the distribution office in Chile. He holds a degree in Business Management and Administration from CUNEF (Colegio Universitario de Estudios Financieros) in Madrid.
“With Santiago joining, Columbia Threadneedle now has a team of five managers dedicated to the Andean region. The opening reflects our commitment to continue our development in Latin America and the encouraging demand for our funds in the region. We already offer to Andean pension funds some of our flagship funds in European equity strategies,” said García Paéz.
“In other Latin American countries, such as Brazil and Mexico, we will continue to distribute our strategies through domestic asset managers,” said Joseph Sweigart, the firm’s head of Institutional Distribution for Latin America.