Evercore Partners said on Monday that Alejandro Reynoso del Valle will join its Mexico City investment management business as a senior managing director.

Reynoso, 49, will work on client development at Evercore's Protego Casa de Bolsa unit. As of Dec. 31, Evercore's asset management unit ran a total of $1.7 billion.

"Alejandro brings deep expertise and senior-level relationships that are relevant to both our advisory and investment management businesses here in Mexico," said Pedro Aspe, co-chairman of Evercore Partners and chief executive of Protego, in a statement.

Before he joined Evercore del Valle was the chief investment officer for Barclays Global Investors, a money management unit of Barclays that BlackRock acquired for $13.5 billion in December 2009.

Before Barclays. del Valle was a managing director for market development at the Mexican Stock Exchange. While he was at the exchange, Del Valle oversaw its corporate reorganization and initial public offering in June 2008.