The Central Bank of Chile’s Board has appointed José Manuel Garrido Bouzo as a full member and Jorge Antonio Sances Morales as an alternate member of the Technical Investment Council, using new appointment powers granted under the 2025 pension reform. Both appointments run for four years starting 1 June 2025. The pension reform framework requires the Central Bank’s appointees to have extensive experience managing investment portfolios and to have served as a manager or senior executive in a financial-sector firm, while meeting the incompatibility rules that apply to the Technical Investment Council. The decision was communicated to the Superintendence of Pensions, which acts as the Council’s technical secretariat. The Central Bank indicated that these appointments conclude the selection and vetting process that began in April. The Technical Investment Council’s main functions include issuing reports, proposals and opinions on pension fund investments with a view to appropriate returns and the security of resources.
Central Bank of Chile 2025-05-30
Central Bank of Chile appoints José Manuel Garrido as member and Jorge Sances as alternate of the Technical Investment Council from 1 June 2025
The Central Bank of Chile appointed José Manuel Garrido Bouzo and Jorge Antonio Sances Morales to the Technical Investment Council under new powers from the 2025 pension reform. Effective 1 June 2025 for four years, the appointments require extensive investment management experience and adherence to incompatibility rules. The Council focuses on pension fund investment reports and proposals to ensure returns and resource security.