Credicorp's Ignacio Montes said incorporation of the Rogge products came about as a direct result of its acquisition by Allianz, since the German firm already has a distribution agreement Credicorp.
Public marches to protest tax credits of AFPs owned by multinationals
October 21, 2016 by
The public is up in arms over the USD 400 million tax benefits received on a write-down of the goodwill stemming from MetLife's purchase of AFP Provida and Principal's purchase of AFP Cuprum in recent years.
MFS reorganizes its Latin American sales approach
September 20, 2016 by
MFS has lost two Argentina-based directors, named a Miami-based executive as managing director for the Americas, and ended a third-party distribution relationship with Santiago-based Picton Advisors.
Credicorp takes over Andean distribution for State Street
September 11, 2016 by
The tri-national firm had been looking for a passive manager for its distribution business, to complement its roster of traditional and alternatives firms, said Credicorp's Ignacio Montes, regional director of institutional distribution.
LarrainVial installs UBAM as subadvisor for European fund, replacing EDM
September 7, 2016 by
Larrain said it made the switch after reviewing several managers, and found that "UBAM was the firm that best fit our investment philosophy, with processes and standards at the maximum level in the European fund industry."
Moneda taps Rojas to head its HNW segment
August 28, 2016 by
Traditionally an institutional manager, Moneda has been making inroads into the private-client segment, in response to demand from wealthy Chileans and the need to diversify the composition of its investor base and product lines.
Chilean AFPs are latest targets of populist fury
August 25, 2016 by
The pension industry and the global fund community that serves the market were stunned by the sudden surge of discontent with the privatized system, which was sparked by news of hefty pensions still received by state employees.
Vision Advisors enjoys expansion into new business areas
August 7, 2016 by
In addition to a local-fund offering that has grown to USD 80 million, Vision will begin regional distribution of Lansdowne and Cheyne Capital hedge funds. It already represents Templeton, Rogge and AllianceBernstein funds.
Conditions in Chile ripe for creation of state-run AFP
August 3, 2016 by
The government seeks to integrate prison and military employees into the AFP system. Francisco Murillo, CEO of Sura AM, which controls AFP Capital, said he welcomed the initiative.
Jorge Diaz departs BlackRock to join Compass Group
July 14, 2016 by
Compass is the leader in third-party distribution to institutional clients in the region, with more than USD 12.7 billion raised for the seven international firms: Vanguard, PIMCO, Investec, Eastspring, Nomura, UBS and Wisdom Tree.
