Chile’s wealthiest families are increasingly opting to create dedicated family offices to manage their expanding portfolios, reflecting a broader trend towards professionalized wealth management within the country. These private entities, typically requiring a minimum net worth of $100 million to justify operational costs, oversee investments and long-term financial planning for some of Chile’s most prominent dynasties. This article identifies the key executives leading these influential offices-from Inversiones consolidadas to PK One Limited-and provides insight into their backgrounds and responsibilities.
Chile’s wealthiest families are increasingly turning to family offices to manage their growing fortunes, fueled by significant wealth creation and a more professional approach to asset management.
While a comprehensive registry of family offices operating in Chile doesn’t exist, analysts agree that a minimum net worth of approximately USD $100 million is generally required to justify the operational costs of establishing one.
These offices typically employ a CEO, an investment manager, and a team of analysts, the size of which varies depending on the family’s wealth and investment strategy sophistication.
Family offices first began to emerge in Chile in the early 2000s, initially led by family members themselves. Today, however, the management of these offices is largely entrusted to highly qualified professionals who are responsible for preserving and growing the family’s wealth over the long term.
Who are the key executives leading Chile’s prominent family offices?
Analysts explain that creating a family office requires a family to have a minimum net worth of US$ 100 million to justify the costs.
Inversiones Consolidadas
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The family office of Andrónico Luksic, Inversiones Consolidadas, is led by Rodrigo Terré, the office’s president, and Rodrigo Swett, who serves as CEO.
Terré is a civil engineer with a degree from the University of Chile, while Swett is a commercial engineer from the Universidad Adolfo Ibáñez. Swett joined the firm in 2008 and became CEO in 2014, overseeing the management of the 8.48% stake in Grupo Quiñenco.
Nueva Altamira
The office of the Yarur Arrasate family, founded by Luis Enrique Yarur, is managed by Ana MarÃa MasÃas, a veteran executive within the group. MasÃas, a public accountant with studies in finance, assumed the role of general manager in 2019.
Prior to this, she held the same position at Empresas Juan Yarur. According to the Santiago Conservator’s office records from 2020, Inversiones Nueva Altamira SpA held a capital of $165,203 million.
Portoseguro
The family office of Eliodoro Matte, operating as Inversiones Portoseguro, is headed by José Ignacio Goldack, who became CEO in April 2023. Goldack holds a degree in commercial engineering from Universidad de los Andes and an MBA from MIT.
He also serves as a director of Bicecorp, a position that reflects his prior experience as finance manager at CMPC.
Odisea
Odisea, the family office of former President Sebastián Piñera and his family, is among the most significant in the country. Ownership of the office transferred to his children in 2010.
Currently, Sebastián Piñera Morel serves as CEO and is primarily responsible for the family’s investment strategy. He is a commercial engineer from Universidad Católica and holds an MBA from Stanford. According to Forbes magazine, the family’s net worth was estimated at USD $2.9 billion in 2024.
Inversiones Megeve
The family office of the Solari Donaggio family, business leaders associated with Grupo Falabella, operates under the name Megeve. Julio Dittborn, a commercial engineer from Universidad Católica with an MBA from the University of Pennsylvania, is a key executive within the organization.
Dittborn is responsible for investing the family’s assets in sectors such as real estate, mining, infrastructure, and salmon farming. He currently also serves as a director of Aenza in Peru.
Inversiones Angelini
Forbes magazine reported that in 2025, Roberto Angelini and his family held assets exceeding USD $28.5 billion, including stakes in Empresas Copec, Abastible, and Arauco, among others.
Patricio Tapia, general manager of Inversiones Angelini y CÃa, Inversiones Nutravalor, and SerCor, is the executive most trusted within the group’s family office.
Tapia also serves as a director of several companies within the conglomerate, including Red Megacentro and Novaverde. He is a civil engineer from the University of Chile.
PK One Limited
The assets of the family of Horst Paulmann, founder of Cencosud, are currently structured under PK One Limited, a British entity that holds a 52.15% ownership stake in the company.
Previously, the family’s wealth was managed through various Chilean companies, such as Inversiones QuinchamalÃ, Inversiones Tano, and Inversiones LatadÃa.
Today, control and patrimonial decision-making rest with his children, Manfred, Heike, and Peter Paulmann.
