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Chilean third party distributor and asset manager Picton has bolstered its teams in Colombia and Peru with three new hires.

Vicente Tuesta and Paola Martínez joined the firm’s offices in Lima as co-heads of its Peru business. Tuesta will be in charge of Picton’s institutional distribution for the country while Martínez will oversee its multi-family office operations.

Juliana Pacheco was placed in Picton’s Bogota location, where she will act as the firm’s office head for Colombia while also taking charge of its institutional distribution for the country.

Tuesta previously held positions at Peruvian pension fund AFP Profuturo where he served as a chief investment officer for two years and chief executive officer for almost four. Profuturo runs more than $12 billion in assets.

Martínez joins from Banco Santander Peru where she worked for 12 years, serving as a manager of corporate investment banking and managing a portfolio of assets and liabilities of over $1.5 billion, according to Picton’s website.

Pacheco previously served as a manager of alternative assets and institutional sales at LarrainVial where she spent five years.

Picton employs a team of 42 people, according to its website and has offices in Santiago, Chile, Lima, Peru and Bogota. The Chilean firm distributes international mutual funds for institutional investors in Latin America while its family office business caters to high net worth clients.

It handles over $4 billion in alternative assets and more than $1.3 billion in mutual funds for a total of over $5.3 billion in assets under management.