Dutch infrastructure fund manager DIF has opened its first Latin American office in Santiago, Chile, which will be run by a former Scotiabank official.

The investor is looking to establish a presence in the region with an initial focus predominantly on Chile and Uruguay.

Daniel Aninat joined the firm as managing director in June to oversee its Chilean investments. He previously headed Scotia's Chilean corporate banking division as M.D. and before that was head of project and acquisition finance for Santander in Chile.

Luis Hinojosa, a senior director in DIF’s Madrid office, will also relocate to Santiago to support the Latin America business. Hinojosa has been with DIF since 2015 and has a broad infrastructure experience, including in different Latin American countries.

“Latin America is a large and fast growing infrastructure market, in which we see several interesting investment opportunities across all our target sectors," said Wim Blaasse, managing partner at DIF, in a statement. "We are delighted with this next step for DIF and further expand our global office network to nine offices, enabling us to better source and manage projects locally, as well as continue to construct diversified portfolios.”

(A version of this article first appeared in IJGlobal).

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