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Allfunds Latin American expansion continues with new Colombian office

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Open architecture mutual fund platform Allfunds Bank is opening a representative office in Bogotá, Colombia. The move follows the opening of its first office in Latin America – in Santiago, Chile in 2008.

The investment demonstrates the increasing commitment of Allfunds to Latin America, the growing importance of Colombia, and the widespread acceptance of Allfunds highly successful open architecture business model.
 
Allfunds has been working in Colombia for over eight years, offering services exclusively to regulated financial organisations including a number of well-known institutions. The platform already has a number of important clients in the country but is seeking to further capitalise on the growing local interest in international products among pension funds, insurance companies and asset managers. Allfunds says the new local office will help improve servicing so helping consolidate existing client relationships.
 
According to Luis Ussia, Allfunds Bank Regional Manager for Iberia & Latam, says: “Providing local servicing is key to be successful across the region. It is a significant investment but it really pays off as clients value nearness and local support. We like to be closer to clients and we try to differentiate ourselves from the rest in that perspective”.
 
Colombian, Carlos Felipe Stozitzky (pictured), has been appointed as Director of the new representative office in Bogotá. Stozitzky has wide experience in both financial markets and asset management. Based in Santiago, Chile, he has been regional manager for the region for the past two years. Before joining Allfunds, Stozitzky held relevant roles at different local asset managers and banks. He holds a high degree of domestic knowledge and his goal is to boost the commercial activity of Allfunds in the North of Latin America from this new office.
 

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