Ignacio Calle Cuartas, current vice president of corporate finance at SURA Group, will replace Andrés Castro as CEO of the company as of May 1, 2016.
XP Investimentos sees opportunities in broadening its platform with international products
March 6, 2016 by
XP's Gustavo Pires said conversations with global managers are ongoing, after having added locally-domiciled feeder funds of JP Morgan, Western Asset, AllianceBernstein and Principal Financial's Claritas unit to its platform.
Cross-border managers in Brazil encouraged by investor interest in global diversification
February 24, 2016 by
Giuliano De Marchi of JP Morgan AM in Latin America says the number of investors testing the new offerings of international funds in Brazil has grown exponentially compared to just a few months ago, when Instruction 555 came into force.
EFG snatches Swiss bank BSI from Brazil’s BTG Pactual
February 24, 2016 by
For BTG, the sale brings much-needed cash after the November arrest of founder André Esteves triggered massive client money outflows. BTG is left with just a 20% stake in the bank it bought just five months ago.
Brazilian funds start year with outflows from equity and mixed funds
February 24, 2016 by
January’s net sales exceeded the BRL856 million posted in the same month in 2015.
Deutsche: global investors still look to hedge funds, and many plan to increase positions in 2016
February 24, 2016 by
Ashley Wilson, who co-authored Deutsche's 14th annual Alternative Investment Survey, noted that investors remained positive about the asset class "despite a challenging year for global financial markets and for hedge funds."
Latin countries seek to breathe new life into regional fund association FIAFIN
February 23, 2016 by
Mónica Cavallini, CEO of the Chilean fund association and a past general manager of the FIAFIN, spoke to Fund Pro Latin America about the upcoming ambitious projects of the regional association.
To raise cash, BTG ponders sale of Swiss bank to EFG
February 19, 2016 by
EFG, the Swiss private bank controlled by billionaire Spiro Latsis and his family, would double its assets under management should the sale go through.
Citigroup plans to shutter retail banking operations from Argentina and Brazil
February 19, 2016 by
CEO of Citigroup, Michael Corbat, has been attempting to cut costs and increase revenues by scaling back the group’s global operations. Apparently, Citi's Uruguayan operations, including the wealth-management-distribution business, will survive the scaleback.
Colombia’s AFP Porvenir opted for EAFE in November while slashing positions in US
February 19, 2016 by
AFP Porvenir made the biggest changes to its international portfolio vis-à-vis its pension-manager peers in November, shifting USD 400 million to a single iShares EAFE exchange-traded fund while redeeming passive positions in US equities.
