Brazil-basedBTG Pactual Groupconfirmed on July 20 that Juan Guillermo Agüero, the head of investment bankingat BTG Pactual ChileSpA, will become the Chilean unit's new CEO, replacing AlejandroMontero who has been appointed as co-CEO for Latin America.
Themove confirms an earlier report that Montero would step down from the Chileanunit by year-end, and is part of a number of management changes announced byBTG Pactual in the region.
Agüerosaid in a BTG Pactual press release that he accepted the new challenge"with great enthusiasm," adding that there are "positiveperspectives" for the company.
Meanwhile,José Ignacio Zamorano will replace Agüero as head of investment banking inChile.
Forhis part, Montero will work closely with BTG Pactual's other co-CEO for LatinAmerica, Rodrigo Góes, to achieve the firm's strategic objectives and increasesynergies among the group's Latin American units, as well as identifying newbusiness opportunities, the bank said.
Monteroand Góes will be responsible for BTG Pactual's operations in Chile, Peru,Colombia and Mexico.
Separately,Guillermo Ortiz has been named as BTG Pactual's chairman for Latin America,excluding Brazil, the press release said.
Elsewherein the region, Juan Rafael Pérez has been appointed as CEO of BTG PactualColombia and Juan Manuel Velasco as his deputy CEO, a BTG Pactual Chile spokespersontold S&P Global Market Intelligence in an email.
Inaddition, Marcelo Fiorellini has been appointed as country head of Argentina,the spokesperson said.
Thereare no changes in Mexico or Peru, where Javier Artigas and José Antonio Blanco,respectively, remain as BTG Pactual's country CEOs.