Comgest, Lord Abbett, Jupiter, BC Partners and Novacap were the fund sponsors gaining approval for new product.

Julius Baer will continue to service Brazilian clients from other locations. It has a presence in Mexico, Chile, Uruguay, Colombia, and Spain. As such, the Brazil International business remains unaffected.

In this first stage, participants will be allocated to the four existing AFPs but by mid-2025 new managers will be entering the system.

Fernando Beyruti, Global Head of Itaú Private Bank, highlighted the potential for this partnership to expand their advisory role in international investments. It bridges local wealth with global investment opportunities, setting a new standard for private ...

Zamarripa, will succeed Guillermo Arthur, who led the Federation for over two decades. Additionally, FIAP’s internal structure was reinforced, with Karol Fernández serving as Executive Vice President.