The Swiss bank said Velez would take on the role in addition to his current responsibilities as head of global ultra-high net-worth Latin America, effective immediately.
Santander, Intesa Sanpaolo to sell Allfunds Bank in USD 1.9 billion deal
March 7, 2017 by
"Our role as an investor, together with our partner GIC, will be to support the Allfunds team in accelerating growth, both organically and through select M&A," said Zita Saurel, managing director at PE fund Hellman & Friedman.
Aberdeen to be acquired by Standard Life in USD 4.7 billion stock deal
March 6, 2017 by
The deal, which will create a USD 800+ billion asset manager, is the latest move by the active management industry to combat a tide of investors shifting money to low-cost, passive funds.
CCR Monthly Approval Report – February 2017
March 2, 2017 by
Five mutual funds were added to the list of approval products for sale to the AFPs. BNP Paribas led with two mutual funds listed, followed by Pictet, Neuberger Berman and NN IP, each with one new fund approved.
Credicorp lands ex-AFP equity manager to spearhead distribution of SSGA ETFs
March 1, 2017 by
Alberto Menendez had been AFP Provida's head of international equity for more than three years before joining Credicorp to manage State Street ETF distribution to Andean institutions.
Afore CitiBanamex funds USD 550 million in Asia Pacific mandates with three global firms
February 28, 2017 by
The successful implementation makes the mandates the first-ever targeting the Asian continent, which CitiBanamex said underscores its leadership in the implementation of innovative strategies within the retirement savings system in Mexico.
Brazilian government is pushing for a fixed-income ETF; seeks sponsor
February 20, 2017 by
Brazil is preparing the launch of the first local fixed-income exchange-traded fund (ETF). The government will select one manager to run the product, which should be launched by the end of the second quarter.
Brazilian fund industry starts year with best January since 2013
February 16, 2017 by
The leading asset class was fixed income, with net inflows of BRL 35.4 billion (USD 11 billion) in the month, followed by balanced/mixed funds, with net inflows of BRL 6.7 billion.
Cullen is first global firm to sign on with Becon Investment
February 15, 2017 by
On March 15, Jeff Cullen, managing director of Cullen, is slated to speak at a Becon-sponsored event for local advisors in Montevideo, Uruguay.
Natixis Global Asset Management names new CEO
February 13, 2017 by
Jean Raby has been named CEO of Natixis Global Asset Management, and will be in charge of the asset management, private-banking and private-equity business lines.
