J.P. Morgan has hired Carlos Aspillaga away from Barclays Capital to act as its executive director, heading government debt and Colombian, Central American and Caribbean corporate debt offerings, in an effort to bolster its Latin American debt capital markets team. The bank's ranking in the Latin American debt market has slid recently. At the end of the third quarter, J.P. Morgan ranked second only to HSBC, in Latin America corporate bond issuance. However, as of this morning it was sixth in the market, leading only $250 million in the fourth quarter as competitors gained market share. For the year, more than $121 billion in Latin America debt has been offered by 75 banks — generating $380 million in revenue for investment banking divisions. Total offerings are up 4% in the region from last year, while fees as a percentage of sales have also increased by half a basis point.  Aspillaga had worked at Barclays for more than 17 years, most recently as a director heading the company's Latin American debt division. He will now report to Roberto D'Avola, head of Latin America debt.   For more info, go to [Business Insider 11/18/11]