Dublin-based investment bank Rubicon Capital Advisors announced on Tuesday it has hired ex-BBVA and Scotiabank exec Andrés Onetto as Managing Director to run its new office in Santiago de Chile.

The opening of the Chilean office, Rubicon’s third in the region, supports the firm’s continued global growth and investment in Latin America, which Rubicon considers a key growth market for the firm.

Onetto will head the firm’s investment banking and principal investment activities in Chile, Argentina, Paraguay and Uruguay in close cooperation with the firm’s offices in Mexico and Colombia. Felipe Caro will also join the company from Scotiabank as a senior analyst. Rubicon intends to make additional hires over the coming months.

“Rubicon will bring to the South American market unparalleled expertise and a powerful global reach,” Onetto said. “The opening of the Chile office will allow clients unparalleled access to the Southern Cone together with on-the-ground experience, contacts, and market expertise. Rubicon’s Colombia and Mexico offices are already leaders in the region and with the addition of an office in Chile, we hope to soon become the number one financial advisor within the broader infrastructure, energy and digital sectors across Latin America.”

Commenting on the expansion, Partner Jesús González Torrijos stated,“This is an exciting time for us. Thanks to a stable regulatory framework and supportive business environment, Chile possesses one of the most developed transport and energy infrastructure networks in Latin America. Our investment in Chile makes complete sense as we continue to widen our networks, grow our team and provide our clients with “on the ground” expertise.”

Chile marks Rubicon’s seventh office globally, with the firm also having, in addition to Mexico City and Bogotá, a presence in New York, Dublin, Madrid and Seoul.

Over the next few months, Rubicon will be seeking to hire further outstanding talent within the digital, infrastructure, and renewables sectors across its global office network.