“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.
Legg Mason installs cross-border distribution head in Sao Paulo
December 14, 2016 by
After 10 years as a Western Asset Brazil executive, Roberto Teperman now has the role of distributing the entire fund platform of the Legg Mason group, which includes nine subsidiaries around the world.
Brazilian equity funds suffer in wake of Trump election
December 14, 2016 by
Despite the performance setback for equity, the Brazilian fund industry is on pace to record its highest annual net inflows since 2012, as YTD net inflows reached BRL 89.7 billion at the end of November.
Global sponsors reinvent their international product offering in Brazil
December 1, 2016 by
“We believe that liquid alternative funds, with controlled volatility, are the path for the international fund market from now on,” says Templeton's Marcus Vinicius.
Brazilian equity funds reaping benefits of Ibovespa climb
December 1, 2016 by
Fueled by October’s substantial 11.2% upturn in the Ibovespa, Brazilian equity funds were atop the industry’s return rankings, also recording the industry’s highest year‐to‐date returns.
Ribeiro announces departure from Santander AM in Brazil
October 13, 2016 by
Conrado Engel, chairman of Santander's asset-management business in Brazil, will reportedly take the place of Luciane Ribeiro, until a new CEO is named.
Citi ups investment in Mexico, while selling off Argentine and Brazilian consumer units
October 13, 2016 by
Jane Fraser, Citi Latin America CEO, emphasized that the firm would continue to have a presence in Argentina and Brazil outside of the consumer segment.
Stein resurfaces at Itaú Unibanco
September 29, 2016 by
Bruno Stein will be responsible for the commercial areas of the giant bank's retail and high-net-worth (wealth management) segments. He left BlackRock in March 2016 after nearly six years in a pioneering role for the company.
Itaú has pole position for acquisition of Citi’s Brazilian retail banking operation
September 29, 2016 by
Itaú has reportedly outbid Banco Santander in initial offers presented to Citigroup. The Spanish bank is exclusively negotiating on Citi's Argentine operation while Scotiabank is in talks for its Colombian holdings.
BlackRock hires Carlos Takahashi as strategist
September 23, 2016 by
Former CEO of the country’s largest asset manager, BB DTVM, Takahashi will now serve as advisor to BlackRock in Brazil.
