A Coral Gables-based UBS team that oversaw about USD 1 billion in client assets left to join Morgan Stanley in Miami, according to market sources.
Mexican Afores suffered a small drop in profits in 2015
April 8, 2016 by
Mexico's 11 Afore private-pension managers recorded net income of MXN 8.9 million (USD 516 million) in 2015, a 2% decline in local currency terms. Fee-based revenues of the managers were MXN 26.8 billion (USD 1.5 billion), an increase of roughly 5% for the year.
Panama’s checkered past revived in face of document leak
April 8, 2016 by
The leak of 11 million documents from the Panamanian law firm Mossack Fonseca, spanning over 40 years, has unfortunately and perhaps unjustifiably put Panama back in the spotlight as a haven for money laundering and tax avoidance.
Brazil’s SulAmérica ups institutional cross-border offering with new feeder
March 30, 2016 by
SulAmérica's team visited more than 20 global managers in a qualitative and quantitative process that culminated in the choice of ABS Investment Mgt., a specialist in global equity long/short products, said Marcelo Mello, CEO at SulAmerica Investimentos.
State Street buys GE Asset Management to push into alternatives
March 30, 2016 by
The USD 485 million deal “will bring new alternatives capabilities in direct private equity and real estate,” said Ron O’Hanley, who heads State Street’s asset management unit.
Mobius steps aside as head of Templeton Emerging Markets Group
March 30, 2016 by
Mark Mobius is to hand over the day-to-day management of Templeton Emerging Markets Group, as the company’s US-based parent, Franklin Templeton, brings under one umbrella its emerging markets divisions.
Santander Brasil eyes Citigroup’s banking branches to grow wealthy clientele
March 30, 2016 by
Santander Brasil, the local unit of Spain's Banco Santander SA, wants to grow banking and other financial services for high net-worth clients, senior vice president Conrado Engel said at an event with investors in Rio de Janeiro.
Report: Wealthy Latin Americans could use a lot more help on the advice side
March 30, 2016 by
Advisors could do much more to help wealthy Latin Americans understand more about cross-border funds and foreign exchange risk, according to a Morgan Stanley study. The report sees an opportunity for entrepreneurial advisors willing to service this market.
Ex Citi and Itaú private bankers hook up with WE Family Office
March 17, 2016 by
Manual Cabielles and George Moscoso have joined WE's Miami office as relationship managers, expanding the firm's reach among Latin American families.
HMC nabs ex-PineBridge manager Santiago Arias
March 17, 2016 by
Arias, who will be based in Chile, will help HMC with the rollout of regional equity products.
