Chile's bank association appoints new head, incorporates BTG Pactual
Chile's association of private sector banks Abif has appointed a new chairman and incorporated Banco BTG Pactual as a member.
The board unanimously elected Segismundo Schulin-Zeuthen (pictured) to replace Jorge Awad as the new head of Abif for 2015-17.
Awad had been Abif's chairman for two consecutive periods.
Schulin-Zeuthen was previously general manager and chairman of Banco de Chile and later chairman of state bank BancoEstado.
The association also approved Banco BTG Pactual's request to become a member. Brazilian investment banking giant BTG Pactual launched commercial banking operations in Chile in January.
Abif currently has 23 banks as members as well as three representative offices of foreign banks.
BancoEstado is the country's only state-owned bank.
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