After spending over a decade working at various firms across Italy and Miami, executive Alberto D’Avenia has returned to BNP Paribas Asset Management. He announced his appointment via the professional networking platform LinkedIn after stepping into the role of Head of Americas Distribution at the asset manager.
In his new position, he will oversee the development of the firm’s distribution business across US Offshore and Latin America, serving both institutional and wealth segments.
However, sources familiar with the matter detail that D’Avenia oversees BNP Paribas AM’s liquid asset strategies. For illiquid alternatives, the executive in charge is Álvaro Correas, who serves as Head of Business Development and Investor Relations for Iberia and Latin America at CAPZA—the entity dedicated to private equity and private debt strategies within BNP.
Prior to returning to the group, D’Avenia spent three and a half years as Head of US Offshore at Voya Investment Management. Before that, he spent a decade at Allianz Global Investors, where he reached the position of Head of US Non-Resident Business and LatAm Retail.
A significant 13-year period of his career was spent holding various roles at BNP Paribas AM. He initially joined as Senior Client Relationship Manager in 2000 and advanced within the firm to become Head of External Distribution Sales for Italy and the Mediterranean Countries between 2011 and 2013.
Additionally, his professional background includes roles at Epta Fund SGR, Deutsche Bank Italia, Azimut, and Prime Consult SIM.
It is worth noting that the regional distribution team D’Avenia now joins includes John Barletta and Rafael Tovar. Barletta serves as Head of Sales at BNP Paribas AM, while Tovar is Head of US Offshore & LatAm Wholesale Distribution at AXA Investment Managers.
AXA IM was integrated into BNP Paribas AM in July of last year. Within the group’s corporate structure, the firm operates under the Investment & Protection Services division, which specializes in investment, savings, protection, and real estate services.
In addition to AXA’s agreement with AMCS—a Miami-based group focused on third-party distribution across Latin American and US Offshore markets—BNP Paribas Asset Management maintains a local presence with offices in Brazil and Mexico. Furthermore, the firm has an executive supporting product sales across the region: Pedro Pablo Montero, who is based in Chile.
