Punta de Rieles names new CEO

Punta de Rieles names new CEO

People Asset Management Uruguay

Unidad Punta de Rieles, a company that operates a penitentiary on the outskirts of Montevideo, said it has hired Nicolás Horta Aguinaga as CEO, nearly two years after the company came under the control of UK-based Aberdeen Standard Investments. Horta was hired from Teyma, the Uruguayan unit of Spanish developer Abengoa that sold its 85% stake in the Punta de Rieles prison to Aberdeen in 2020, according to a securities filing. The executive had been the legal and insurance manager at Teyma for 16

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