A new CEO at Moneda Asset Management
Moneda Asset Management has announced the appointment of Alfonso Duval, partner, and until now Head of Institutional Clients, as the new CEO. Antonio Gil Nievas, who has been Moneda’s CEO for the past eight years, will leave the company on May 31st, 2019 to Stanford University, California, to study under the Stanford Executive Program.
“I want to thank Antonio for his eight years as CEO. This has been a terrific period in which Moneda has strengthened itself as an institution, has consolidated a top-level team and has increased its competitiveness and leadership. The last few years have brought sustained growth in terms of assets, on the back of increased product offering, international expansion, and improved client service. Alfonso Duval has all the capabilities and energetic leadership for a new stage of growth and service to our clients in a highly competitive environment. Undoubtedly, his appointment is a recognition of his extensive and successful career,” states Pablo Echeverría, Chairman of Moneda Asset Management.
Alfonso Duval joined Moneda in 2006, in charge of developing and foster relationships with institutional clients. He has been a partner in the company since 2011, managing client relationships with pension funds, sovereign funds, insurance companies and family offices in Chile, Europe, the Middle East and Asia. He has participated in tapping new markets and structuring investment vehicles for international segments and jurisdictions. This diversification effort has been reflected in an increase of assets under management coming from overseas investors over the past decade. Prior Moneda, he worked in the investment banking unit of Grupo Santander and Citigroup in Chile. Alfonso Duval holds a Business Administration degree from Universidad Católica de Chile.
Antonio Gil Nievas joined Moneda in 2011 as CEO. During the past eight years, he has led important investments to create a world-class team, that strengthen the company's institutional platform and enabled the company to position itself as one of the best companies to work for in Chile. Among other factors, this has permitted important growth of Moneda’s assets under management to record levels, which now reach over US$10,000 million. Prior to Moneda, he worked at JP Morgan as global CFO and member of the management teams of several global businesses, including Global Emerging Markets and Global Credit Trading. At JP Morgan, he was also part of the team that led the integration of the acquisition of Bear Stearns, served as director of strategy, business development and strategic investments for the EMEA region and worked in the investment banking area. Before JPMorgan,, he was a strategic consultant at BCG. Antonio Gil Nievas holds an industrial engineer from Spain’s ICAI (Universidad Pontificia Comillas, Spain) and holds an MBA from Harvard Business School.