Francisco Garcés Garrido, the chairman of the board of Santiago-based Banchile Corredores de Bolsa SA, died May 10, the company said in a regulatory filing.
The board then elected director Alfredo Tagle Quiroz as the new chairman of the company, while José Agustín Vial Cruz was named replacement director until the next shareholders' meeting.
Banchile Corredores de Bolsa is a unit of Banco de Chile.
