“As a European-based bank, we have been able to leverage our local insight to offer the most comprehensive suite of currency-hedged international equity ETFs in the US,” said Fiona Bassett, head of passive products in the Americas.
Foreign private banks set their sights on Chile
August 21, 2015 by
Global players that have exhausted their growth opportunities around the globe have set their sites on Chile, which has developed a large class of affluent investors - many of whom have grown nervous about the local economy and present administration.
Quilvest latest entrant into booming Chilean multi-family office business
August 16, 2015 by
The global firm hired two former Credit Suisse executives, Javier Mendicute and Andrea Cuomo, to launch the new venture in Chile.
Morgan Stanley hires ex-RBC director to run its Coral Gables office
August 16, 2015 by
Seigal was hired to help grow the group's offshore platform and is taking over from José Salazar. He will work alongside Kevin McCarty, Morgan Stanley's Miami complex manager.
HSBC launches European equity FOF to institutional and affluent investors
August 16, 2015 by
HSBC Brazil currently has USD 291 million in AUM in its family of funds of international funds. These AUMs will be transferred to Bradesco pending a successful completion of Bradesco's acquisition of HSBC in Brazil.
Fitch cites Brazil’s ‘deterioration’ in lowering of BTG Pactual’s rating outlook
August 16, 2015 by
The downgraded outlook reflects a change in Fitch's view on BTG's acquisition of BSI, a private bank headquartered in Switzerland, due to the significant deterioration in Brazil's operating environment.
Aberdeen continues US expansion with Arden buy
August 16, 2015 by
"Institutional investors are looking to hedge fund solutions to offer risk-return profiles not available via mainstream strategies and traditional asset classes," said Aberdeen's chief executive officer, Martin Gilbert.
Credit Suisse names Pedro Jorge Villarreal the CEO of its Mexican operation
August 16, 2015 by
Pedro Jorge Villarreal, a 15-year veteran of Credit Suisse, will be taking over the country CEO role from Hector Grisi, who has moved to Grupo Financiero Santander México.
Merrill sets USD 2.5 million as minimum for new Latin accounts
August 16, 2015 by
Investors residing in some countries - including Venezuela and Argentina - will need to have at least USD 5 million to open an account.
Pension association suggests allowing smaller Afores to invest in cross-border funds
August 6, 2015 by
"This possibility would an interesting revolution for active managers, especially for smaller Afores, which find the cost of mandates beyond their means," said Carlos Noriega, president of Amafore.
