One source said that Baer could pay up to USD2 billion for the unit, which manages some USD90 billion for clients in Europe, Latin America, the Middle East and Asia.
State Street buys GSAS
July 18, 2013 by
State Street, said that it has agreed to pay USD550 million to buy Goldman Sachs Administration Services as it looks to become the leading global administrator of hedge funds.
Sura to distribute 66 BlackRock funds to non-institutional clients
April 10, 2013 by
The partnership will strengthen its open architecture model for fund sales. The U.S. firm is also pinning its hopes on potential growth in the retail segment.
Mark Mobius: Mexican pensions have the potential to outperform the Chilean market opening
March 18, 2013 by
The emerging market guru of Franklin Templeton believes that if the regulations continue to promote diversification options, as they have done in the last year, the country has the potential to outperform the Chilean market in three years.
Saxo Bank opens office in Uruguay for private investors
February 27, 2013 by
Saxo Capital Markets Agente de Valores is intended to bring the bank closer to its customers in the region and offer a service that is adapted to the needs of Latin American investors.
JP Morgan appoints Jose Berenguer as senior country officer in Brazil
February 26, 2013 by
He will report jointly to Mary Callahan Erdoes, CEO of JP Morgan Asset Management, and Martin Marron, CEO of JP Morgan's Latin America franchise.
Brazilian insurers to adjust investment portfolios
February 3, 2013 by
The Brazilian government has passed a new resolution that establishes general investment rules to be observed by local insurance, reinsurance and private pension entities with regards to their assets linked to technical reserves.
Pioneer appoints Bailie to head Western Europe and Latin America
January 15, 2013 by
He will join the firm in April and will report to Sandro Pierri, chief executive officer.
BlackRock to buy Credit Suisse ETF arm
January 11, 2013 by
Upon completion of the deal iShares – BlackRock’s ETF arm – will run 264 ETFs with USD157.6 billion.
Brazil’s BTG Pactual completes acquisition of Colombia’s Bolsa y Renta
December 21, 2012 by
Brazil's Banco BTG Pactual said it has completed its acquisition of Colombian brokerage Bolsa y Renta, as it extends its presence further across Latin America.
