Vanguard adds three ETFs to Mexican offering, bringing total to 65

"Vanguard is pleased to be able to cross-list additional products on the bolsa to help meet Mexican investors' needs for low-cost and broadly diversified ETFs," said Kathy Bock, head of Vanguard Americas.

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UBS, Julius Baer and Pactual ponder Buenos Aires beachhead

The firms are said to be closely eyeing Argentina's tax amnesty program, which promises to bring back more than USD 15 billion into the country, while bringing billions more out of the shadows.

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EFG International taps ex-Citi Latam director to head Americas team

Marcelo Coscarelli had been managing director for wealthy and HNW clients at Citibank Latin America. From 2008 through 2012, he was COO at Itaú Private Bank International in Miami.

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Scotia-controlled AFP in Colombia names new CIO

Colombian AFP Colfondos has named Andrés Lozano as its new chief investment officer, replacing Mateo Ossa.

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State Street inks distribution deal with Credicorp Capital

In commenting on the appointment of Peruvian-owned Credicorp Capital as its Andean distributor, SSGA's Nick Good said, “Latin America is a strategically important market to the SPDR business."

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Deutsche sells Mexican banking and brokerage business to InvestaBank

InvestaBank would gain control of Deutsche's lucrative depository-receipt business in Mexico, which has profited from sales of foreign securities (including ETFs) on the Mexican Stock Exchange.

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Lazard integrates Latam American advisory operations

Matias Eliaschev, former MBA Lazard Managing Partner, has been named CEO, Lazard Latin America ex Brazil and Mexico investment banking, effective immediately.

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CCR Monthly Approval Report – October 2016

While iShares led with 14 ETFs registered in the month, Fidelity (three), Invesco, Neuberger Berman and UBS also won approval for funds of their own.

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MFS International hires Miami-based associate director and wholesaler

Eric Figueroa will be responsible for the sale of MFS Meridian Funds, working with advisors across all channels, including family offices, independents, banks and wirehouses, in the southeastern United States, the Caribbean and Central America.

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Franklin’s senior director for the Americas assumes Paris-based role

Michel Tulle, currently based in Buenos Aires, will report from Paris as of January 2017 to Vivek Kudva, managing director of EMEA, and responsible for the coordination and development of the business in this area.

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