A total of 14 products were added in January to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs). PowerShares led with 11 equity ETFs domiciled in the USA.
Marcello Pasquatti, 17-year veteran at MFS in Brazil, joins Pimco in Miami
January 29, 2015 by
Pasquatti, who began working for MFS in 1997 on the international sales desk, will be reporting to Alec Kersman, executive vice-president, head of Latin America & the Caribbean.
Fitch appoints Peter Shaw head of Latin America
January 29, 2015 by
Fitch Ratings has announced the appointment of Peter Shaw (photo), managing director, as head of Latin America. Most recently, Shaw was the regional credit officer for Latin America, a position he assumed in December 2010. He previously managed Fitch's Latin American Financial Institutions group.
Mexican Finance Ministry goes all in on open architecture for mutual funds
January 29, 2015 by
The Finance Ministry unveiled an open-architecture scheme that would prevent mutual fund managers from working exclusively with only one mutual fund distribution company or entity (usually the bank that owns them), and ensure that any distributor willing to offer a manager's fund should be allowed to do so.
Political and legal questions could be provoking redemptions from Penta and CorpBanca funds
January 29, 2015 by
In the last quarter of 2014 these two managers suffered the worst falls in AUMs amid a period of great growth for many of their peers.
Iñaki Bernus is the new director of private banking at Credit Suisse
January 29, 2015 by
Bernus has over 24 years’ experience in private banking; prior to joining Credit Suisse Mexico in 2010, he was director of private banking at Invex Grupo Financiero and regional director of wealth management and specialized advisory services at Banorte.
Morgan Stanley: High-net-worth investors predict positive 2015 on strength of US economy, tech and biotech stocks
January 29, 2015 by
Morgan Stanley Wealth Management’s semi-annual Investor Pulse Poll found that the wealthy see their best opportunities coming from the US, in technology stocks, and in equities in general.
Neuberger Berman opens office in Colombia
January 29, 2015 by
Mauricio Barreto (photo), who spent 11 years as vice-president of Lehman Brothers and, more recently three years at the Colombian-based Acciones y Valores brokerage firm, will be supported by Ana Maria Roa Sarmiento and together they will service the local investment community.
Fund selector Eliza Pepper out at Itaú; no successor officially named
January 20, 2015 by
Most distributors of global fund firms seeking allocations from Itaú have been in contact with Pepper. Her potential replacement is Jeff Lombardi (photo).
Delay in kickoff of independent-worker pension scheme impacts AFP Planvital and BTG
January 20, 2015 by
AFP Planvital is about to become a direct victim of the delay, since it would have benefited from independent workers' new compulsory flows. The situation complicates any potential plan by the AFP's owner - BTG Pactual - to sell the AFP to a third party.
