“The challenges facing financial advisors are tougher than ever, as they are asked to do more with less in an environment that seems to put low fees ahead of all other considerations,” said John Hailer of Natixis Global.
Natixis survey: A quarter of US advisors plan on selling their books, merging with a larger firm or leaving the industry
October 13, 2016 by
CCR Monthly Approval Report – September 2016
October 7, 2016 by
M&G led with eight mutual funds registered in the month, all of them domiciled in the UK, followed by Lazard and Veritas, each with one fund approved.
Janus and Henderson tout service, product strengths in merger of equals
October 7, 2016 by
Andrew Formica, chief executive of Henderson, said, “Henderson and Janus are well-aligned in terms of strategy, business mix and most importantly a culture of serving our clients by focusing on independent, active asset management." The merger is currently expected to close in the second quarter of 2017.
Wells Fargo/Gallup Survey: Investors cheer low rates at their own peril
October 7, 2016 by
While clients love the benefits of low interest rates when it comes to mortgages and loans, too many fail to grasp the impact of low yields on retirement savings, said George Rusnak, co-head of global fixed-income strategy for Wells Fargo Investment Institute.
Colombia’s AFP Protección names new CIO
October 7, 2016 by
Felipe Andrés Herrera Rojas has taken over the CIO role at Protección, Colombia's largest private pension manager, which is part of Sura Group.
iShares big beneficiary of Colombian AFP focus on emerging markets
October 6, 2016 by
The iShares MSCI Emerging Markets ETF was by far the biggest gainer for the month, with allocations coming from AFP Proteccion, with a USD 218 million deposit, and smaller amounts coming from Colfondos, Porvenir and Old Mutual.
Afore Banamex ready to fund Asian mandates
October 5, 2016 by
Rodrigo Blancas, Afore Banamex's international equity portfolio manager, told Fund Pro Latin America that the funding to four global managers will total USD 500 and USD 600 million for the Asian market and will take place in October.
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.
Citi Private Bank continues to build out Latin American team
September 29, 2016 by
As newly named head of the Latin American multi-asset trading & advisory team, Nicolas Schmidt-Urzua will be responsible for providing complex trading solutions to the firm’s most sophisticated capital markets clients, including active traders.
