The new wealth management office, headed by ex-Larrain executive Andrés Silva, will target clients with liquid net worth between USD 1 million and USD 50 million.
Natixis’s proprietary distribution arm lands its first AFP investment in Colombia
July 14, 2017 by
Natixis's José Luis León Dugand, country head Colombia, Panama and Peru, said the investment reflects a deepening of the confidence and knowledge of local institutional investors in the firm.
Leak: Chilean AFPs will be asked to foot up to 5% of third-party-fund fees
July 5, 2017 by
While an official position was not staked out by the government at Chile Day 2017 in London, on June 29 and 30, talk in the halls of the event suggests that AFP pension managers will no longer be able to pass third-party costs to the pension fund. In response, local distributors voiced their opposition to Fund Pro Latin America.
Bachelet parting gift would force AFPs to pay portion of fund fees
June 28, 2017 by
A few months before presidential and parliamentary elections, a reform initiative proposes that AFPs pay 10% to 15% of management fees, which would directly impact these managers’ profits, Fund Pro Latin America has learned.
Compass puts ex-BlackRock pro in charge of Lima office
June 27, 2017 by
Compass has promoted Jorge Díaz to head of its Lima office, after joining the firm a year ago to lead relations with institutional clients in the region. Díaz had worked for seven years at BlackRock in charge of selling iShares in Chile and Peru.
Azimut nails down first AFP investment with sale of global bond fund
June 27, 2017 by
While Azimut is a very strong player in Italian retail, efforts to place funds with Latin institutions has taken a while. With one AFP already investing, the firm expects tickets from a few others, as well as from family offices and FOFs.
Allfunds platform now includes exchange-traded funds of multiple firms
June 5, 2017 by
Beginning June 1, clients of the AllFunds platform could purchase not just cross-border mutual funds but also ETFs from iShares, Lyxor, Source and Deutsche.
Mexico’s Ramirez says pensions should balance individual contributions with defined benefits
May 1, 2017 by
Also president of a group of international pension regulators, Mexican pension supervisor Carlos Ramírez, said there's a general consensus that a successful pension model should consist of a mix individually funded contributions and defined benefits.
Peru convenes commission to target comprehensive pension reform
May 1, 2017 by
Speaking to Fund Pro Latin America, Jorge Mogrovejo of Peru's Superintendencia de Banca y Seguros y AFP, said regulations allowing 65-year-olds to withdraw 95% of their pension savings will be studied as part of a broader reform.
Foreign managers have low expectations about 50% boost in pension contribution
April 11, 2017 by
It's looking like any additional pension-related contribution from employers will not be channeled to the AFPs, but rather to an independent body, which will stick to a conservative investment policy.
