Profuturo AFP Appoints Vicente Tuesta Head of Investments

Profuturo AFP, Peru’s fourth-largest private pension provider, appointed Vicente Tuesta to replace Pedro Grados as head of investments.

Tuesta was previously head of research at Prima AFP, the country’s biggest pension fund manager. He has also held senior research posts at Peru’s central bank and Deutsche Bank’s local unit.

Grados was named chief executive officer of the Lima-based company two months ago. Profuturo is a unit of Bank of Nova Scotia.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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