Persio Arida, who became BTG's chairman only in December last year, will be replaced by Roberto Kalim, currently BTG Pactual’s co-chief executive officer, according to a securities filing.
SSGA: Current environment favors sectors over style for investment advisors
November 21, 2016 by
“The 'lower for longer' return environment has many investment professionals taking a more precise approach to asset allocation, which favors sectors and industries over style-based investing,” said Nick Good, co-head of the Global SPDR business at State Street Global Advisors
MFS sentiment study: investors confident in active management
November 18, 2016 by
MFS's Carol Geremia notes that a current strong bias toward active management should continue, especially with many investors worried about increased market volatility in coming years.
Credicorp Capital picks up distribution of Rogge funds
November 17, 2016 by
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.
Lombard International appoints ex-UBS wealth boss as head of Latin America
November 17, 2016 by
Andreas Meier joins Lombard International from UBS Deutschland AG, where he was head of wealth management for Latin America. In this newly created role, he will be based in Luxembourg and will report to Axel Hörger, CEO Europe.
Afores’ reluctance to diversify confounds regulator
November 17, 2016 by
"There is underutilization of investment limits on nearly all fronts," said Carlos Ramírez, president of the Afore regulatory body. He cited underutilization of equity limits, as well as the minor positions of the Afores in foreign securities.
Vanguard adds three ETFs to Mexican offering, bringing total to 65
November 16, 2016 by
"Vanguard is pleased to be able to cross-list additional products on the bolsa to help meet Mexican investors' needs for low-cost and broadly diversified ETFs," said Kathy Bock, head of Vanguard Americas.
UBS, Julius Baer and Pactual ponder Buenos Aires beachhead
November 14, 2016 by
The firms are said to be closely eyeing Argentina's tax amnesty program, which promises to bring back more than USD 15 billion into the country, while bringing billions more out of the shadows.
EFG International taps ex-Citi Latam director to head Americas team
November 14, 2016 by
Marcelo Coscarelli had been managing director for wealthy and HNW clients at Citibank Latin America. From 2008 through 2012, he was COO at Itaú Private Bank International in Miami.
Scotia-controlled AFP in Colombia names new CIO
November 14, 2016 by
Colombian AFP Colfondos has named Andrés Lozano as its new chief investment officer, replacing Mateo Ossa.
