Royal Bank of Canada today announced that it has entered the Chilean market with the opening of a financial advisory office in Santiago.

RBC’s objective in Chile will be to provide financial advisory services with a global vision to high net worth individuals. The move complements RBC’s ongoing expansion in the region, including last week’s office opening in Mexico.

“Chile is an exciting new frontier for RBC,” said Antonio Vianna, head of RBC Wealth Management, Latin America region. “We are extremely selective in the markets in which we operate, and within those markets our goal is to build long term partnerships. Chile is at an exciting time in its economic history and we want to be here to participate in its growth.”

Richard Diego has been appointed to head the new office. A resident of Chile for nearly two decades, Diego has extensive experience in Latin American financial markets. He is a former president of the American Chamber of Commerce, Chile, and has been a member of its board of directors since 1996. Diego is also a former member of the Board of Directors of the Fulbright Commission in Chile.

“Richard brings a superb level of invaluable experience and expertise to our clients,” says Anthony Cooper, RBC Wealth Management vp & regional manager, Latin America.