The partnership with XP is strategic and will allow access to a extensive client base,” George Kerr, the director of Aberdeen Standard in Brazil, told Fund Pro Latin America.

Tonatiuh Rodríguez, who previously headed Afore XXI Banorte, came to Afore Azteca with the job of growing the client base by 40% in 2018. He considers cross-border mutual funds "an indispensable though transitional tool."

BCI, which already has relationships with Wells Fargo, First Trust and AdamsStreetPartners, has hired ex LarrainVial executive Sebastián Rodas to grow out the third-party institutional business.

Colombian AFPs raised their exposure to cross-border funds end ETFs by USD 186 million in February for USD 20.3 billion under management, plunging into North American equity even as volatility rocked US equity markets.

Armando Vidal, until recently head of the fixed-income unit of Sura-owned Peruvian pension manager AFP Integra, has become the head of fixed-income for Sura’s fund businesses in Mexico, Chile, Peru, Colombia and Uruguay.