Despite the massive April redemption of BRL 21.6 billion, the industry still shows record net capital inflows for the first four months of 2017, of BRL 89.3 billion,
Columbia Theadneedle’s incursion into Brazil wins it an innovation award
May 22, 2017 by
The asset manager won an Innovation Award at the 2017 British-Brazilian Awards, celebrating business success between Brazil and the UK as part of the government’s “Think Brazil” week. Columbia Threadneedle has a presence in Brazil through an exclusive distribution agreement with Rio Bravo Investimentos since 2015.
Julius Baer may enter Argentina via investment in TPCG brokerage firm
May 19, 2017 by
Baer, Switzerland's third-biggest private bank behind UBS and Credit Suisse, wants to purchase a roughly 20% stake in TPCG, a brokerage, wealth manager and research provider based in Buenos Aires and with offices in Uruguay as well.
HSBC names Joe Abruzzo head of global private banking for the Americas
May 12, 2017 by
As HSBC’s chief private banking executive in the region, Abruzzo will oversee efforts to advance client service offerings and achieve sustainable growth for the business.
Itaú digs claws into Brazilian “un-bank” XP Investimentos, buying 49.9% for USD 2 billion
May 12, 2017 by
The online broker has amassed 410,000 end clients via a network of 2,000 independent agents, and has tried to appeal to investors seeking an alternative to banks. XP has become an important channel for independent asset managers, who are unable to get onto the platforms of large banking entities.
Chile-based LarrainVial will cross Andes to open Buenos Aires office
May 12, 2017 by
LarrainVial is in the process of obtaining a brokerage license in Argentina, which should be approved very soon. The office will be headed by Sebastian Caronni, an Argentine national and partner at the firm, who previously worked at Banco Santander.
WisdomTree cross-lists seven UCITS ETFs in Mexico
May 12, 2017 by
Jonathan Steinberg, WisdomTree CEO and president, said, the listing allows "Mexican investors the option to access and invest in WisdomTree’s existing strategies in a different structure.”
CCR Monthly Approval Report – April 2017
May 1, 2017 by
BNP Paribas led with five ETFs of its Easy family registered in the month, while Axa and Wellington followed with two mutual funds each.
Leadership change announced at Sura-owned AFP Capital
May 1, 2017 by
Andrés Castro, whose career spanned three decades inside the Chilean AFP system, stepped down as chairman of Chilean pension manager AFP Capital. He was replaced by Juan Carlos Jobet, a Sura Asset Mgt. director who previously served in the Piñera government.
Brazilian funds took in record amounts in first quarter of 2017
May 1, 2017 by
The industry's first-quarter net inflows reached BRL 109 billion (USD 35 billion), the highest ever in a first quarter. The positive flows pushed the fund industry’s net assets to BRL 3.7 trillion (USD 1.03 trillion).
