Last updated: 08:49 / Wednesday, 1 April 2015
Ex CIO of AFP Capital, Chile

Ricardo Mogrovejo Is the New Head of Alternative Investments at HMC ITAJUBA

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Ricardo Mogrovejo Is the New Head of Alternative Investments at HMC ITAJUBA

Following his departure from AFP Capital, the pension fund management firm from Grupo SURA in Chile a few months ago, economist and MBA Ricardo Mogrovejo has now joined HMC ITAJUBA, a Latin America financial services and advisory firm born in a partnership between HMC and Itajuba.

Mogrovejo, as CIO of AFP Capital, led the team responsible for the pension funds with 37 Billion USD of assets under management.

Partner Ricardo Morales told that the choice of Mogrovejo has to do with his knowledge and experience on fund management and portfolio construction. “The key to success is selecting the best managers but also those that are willing to commit time and resources to the region. We have a regional approach and we have learn that to have a leadership position we need to attract the best talent, we need to understand that each country is constantly developing new trends and developments and that each client segment requires different type of information. HMC ITAJUBA has developed long term relations with the institutional market on the region, and we reinforce this commitment by the recruitment of Mogrovejo, who will help us to bring the best alternative products to our clients and to develop a business strategy for them adapted to each country.”

Partner Leonardo Camozzato adds “Mogrovejo will add significant experience to our platform and we are proud to attract the second former CIO of a large Pension Fund in the region in the last 24 months. The first one was Daniel Dancourt, previously CIO of Integra in Peru. Together, they managed approximately USD 50 bn of AUM, roughly 50% in Latam assets and 50% in international instruments, including alternative investments”.

Ricardo Mogrovejo will start in April, 2015 and be based at HMC ITAJUBA office in Santiago, Chile.

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