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Deutsche Bank Said to Hire Invesco’s Armenta for Latin America

Oct. 9 (Bloomberg) -- Deutsche Bank AG hired Armando Armenta as a Latin America economist covering Colombia, Peru and Venezuela, according to a person with direct knowledge of the matter.

Armenta started in September at the bank’s New York office and reports to Gustavo Canonero, the chief economist for Latin America, said the person, who asked not to be identified because he wasn’t authorized to comment publicly about personnel moves. Oksana Poltavets, a spokeswoman for the Frankfurt-based bank, declined to comment.

Armenta had worked as an economic research analyst at Atlanta-based Invesco Ltd. since 2012 after receiving a doctoral degree in economics from the University of Maryland at College Park. He declined to comment when reached by telephone.

Deutsche Bank also hired Alexis Milo, a former board member of Mexico’s Federal Telecommunications Commission, to cover Latin America’s second-biggest economy from Mexico City. Milo and Armenta will take over the duties of Fernando Losada, who left the bank to join AllianceBernstein LP in May, according to the person.

Departures from Deutsche Bank’s emerging-markets team over the past three months include Mauro Roca, a senior Latin America economist who joined Goldman Sachs Group Inc., and Natalia Corfield, a corporate credit analyst, who was hired by JPMorgan Chase & Co.

To contact the reporter on this story: Katia Porzecanski in New York at kporzecansk1@bloomberg.net

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

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