Fund distributer Allfunds has appointed Ignacio Izquierdo Saugar as regional manager for Iberia and Latin America.

Reporting to Gianluca Renzini, chief commercial officer, he will manage the relationship with Allfunds’ over 278 current institutional clients across Iberia and Latin America. Today Allfunds is headquartered in Madrid and runs offices in Bogota, Sao Paolo and Santiago de Chile.

The newly appointed regional manager will take office in January 2022. Previously, Laura González was responsible for Iberia and Latin America, in addition to her role as global head of wealth management.

With Ignacio’s appointment, Ms González will focus on Allfunds’ global expansion, although she will remain involved in the Iberian and Latin American markets in line with her duties with that client segment.

Mr Saugar has vast international experience in the financial and insurance sector. Formerly, he was chief executive at Aviva in Italy. He performed the same function at Aviva in Spain where he was also chairman of Aviva Gestión.

During his career he held top-level positions for over 15 years at Grupo Santander in the Asset Management (Spain and Latin America), Santander UK and Santander Private Banking divisions. Between 2000 and 2002 he was Allfunds’ commercial director and an Executive Committee member.

Juan Alcaraz, chief executive of Allfunds, said: “We are delighted to welcome Ignacio once again and see him return to Allfunds, where he took his first professional steps. Appointing someone with his expertise is proof of our commitment to Iberia and Latin America and of their relevance in our global structure. We are certain that his international track record and know-how in asset management, private banking and insurance will further enhance the quality and performance of our commercial activity. At Allfunds we focus on delivering the best service and experience to our clients, and no doubt Ignacio will be up to the challenge and exceed our expectations.”