“Almost all funds in the market are now available on our digital platform,” BTG Pactual Digital's Marcelo Flora told Fund Pro Latin America. “For us, offering open architecture is a way to truly put the client first."
De la Maza named head of Latin America for merged Janus-Henderson operation
June 5, 2017 by
Steven de Vries will become head of global financial institutions, while Ignacio de la Maza (photo) will be appointed head of continental Europe wholesale & Latin America.
Brazilian funds post first net redemption after seven months of gains
May 30, 2017 by
Despite the massive April redemption of BRL 21.6 billion, the industry still shows record net capital inflows for the first four months of 2017, of BRL 89.3 billion,
Colombian AFPs now allocate more to emerging markets than US equities
May 22, 2017 by
Two emerging-market ETFs - one from iShares and the other from Vanguard - gathered close to USD 600 million in March from Colombian pension managers. A single AFP was responsible for two-thirds of the net investment.
Chilean AFPs boost European and EMB positions in April
May 22, 2017 by
Total Chilean AFP assets abroad reached in April USD 62.7 billion and were at their highest level since October 2015. The increase from USD 61.7 billion was powered by returns, as the AFPs redeemed a net USD 177 in cross-border investments.
Columbia Theadneedle’s incursion into Brazil wins it an innovation award
May 22, 2017 by
The asset manager won an Innovation Award at the 2017 British-Brazilian Awards, celebrating business success between Brazil and the UK as part of the government’s “Think Brazil” week. Columbia Threadneedle has a presence in Brazil through an exclusive distribution agreement with Rio Bravo Investimentos since 2015.
Julius Baer may enter Argentina via investment in TPCG brokerage firm
May 19, 2017 by
Baer, Switzerland's third-biggest private bank behind UBS and Credit Suisse, wants to purchase a roughly 20% stake in TPCG, a brokerage, wealth manager and research provider based in Buenos Aires and with offices in Uruguay as well.
HSBC names Joe Abruzzo head of global private banking for the Americas
May 12, 2017 by
As HSBC’s chief private banking executive in the region, Abruzzo will oversee efforts to advance client service offerings and achieve sustainable growth for the business.
Itaú digs claws into Brazilian “un-bank” XP Investimentos, buying 49.9% for USD 2 billion
May 12, 2017 by
The online broker has amassed 410,000 end clients via a network of 2,000 independent agents, and has tried to appeal to investors seeking an alternative to banks. XP has become an important channel for independent asset managers, who are unable to get onto the platforms of large banking entities.
Local-product launches in Brazil will provide access to range of Legg Mason brands
May 12, 2017 by
Western Asset's Roberto Teperman, said the firm will launch a range of local funds in Brazil which will allocate to cross-border products of Legg Mason brands, including Western Asset, Brandywine, Clarion, ClearBridge, EnTrustPermal, Martin Currie, QS Investors, Rare Infrastructure, and Royce.
