Latam Financial Services lands in Chile with funds from Virtus

The offshore-fund market operating from Uruguay is still growing, but we believe it is reaching a mature stage, says LFS's sales manager María José Fossemale.

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Excel Capital seeks closer ties with clients in Uruguay

"Our opening in Uruguay is simply related to the need to be face to face with advisors," says Excel's Cristián Reynal,

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Alberto Menéndez leaves institutional distribution at Credicorp to join State Street

The executive will take over management of the State Street office in Chile. The US firm maintains its distribution agreement with Credicorp.

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BanBif: retail wealth that left Peru could remain abroad

"At the individual level alone, savings of around USD 8 billion have left Peru,” Roberto Montero, manager of BanBif's wealth banking division, told Fund Pro Latin America.

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Pension reform in Colombia could arrive in 2023 with focus on coverage

Just 1 in 4 older Colombians has the means to retire, and just 40% of active citizens make contributions, says consultant Andrés Felipe Izquierdo Aguiar.

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Fintech law may be nearer to passage thanks to client-data agreement

The law would create a regulatory framework for the activities carried out by third parties via the internet, including distribution of mutual funds.

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Chilean alternatives industry on alert due to Boric tax proposal

Acafi expressed its concern about a proposed tax increase on dividends, which could be a major disincentive for investors.

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Econsult transfers half its funds to Principal AGF

Following the agreement, the manager retains only two local feeder funds that invest in foreign real-estate assets through Brookfield.

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JP Morgan AM widens distribution of its funds in Chile

Through an alliance with Banco  Bci, the manager will intensify its distribution to private-banking clients, says Juan Pablo Soffia Moller, JPAM's Chilean MD.

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Workaround? AFPs may be able to form subsidiaries to manage new flows

Despite the pessimistic pronouncements of undersecretary of social security, Christian Larraín, AFPs may not be left out of the new pension model after all.

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