Morgan Stanley’s Latam wealth clients now need minimum of USD 500,000

Morgan said that clients with less than the USD 500,000 minimum will be serviced through an international call center, beginning in January 2016.

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Javiera Prado leaves AFP Planvital to join Vision Advisors

Prado is a key hire for multi-brand distributor Vision Advisors, as, since 2011, she has worked in the international-investment area of AFP Planvital, and had near daily contact with global asset managers.

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Deutsche adds to suite of international currency-hedged ETFs

“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.

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Foreign private banks set their sights on Chile

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.

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Quilvest latest entrant into booming Chilean multi-family office business

The global firm hired two former Credit Suisse executives, Javier Mendicute and Andrea Cuomo, to launch the new venture in Chile.

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Morgan Stanley hires ex-RBC director to run its Coral Gables office

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.

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HSBC launches European equity FOF to institutional and affluent investors

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.

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Fitch cites Brazil’s ‘deterioration’ in lowering of BTG Pactual’s rating outlook

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.

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Aberdeen continues US expansion with Arden buy

"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.

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Credit Suisse names Pedro Jorge Villarreal the CEO of its Mexican operation

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.

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