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.
March Gestión hires Lorenzo Parages as head of business development
January 20, 2015 by
March Gestión seeks to expand its business in Germany, Austria, Spain, Italy, Luxembourg and the UK in Europe as well as in Latin America.
Threadneedle to be rebranded as Columbia Threadneedle Investments
January 14, 2015 by
The change, due to come into effect in the first half of 2015, is designed to reflect the increased crossover between Columbia Management and Threadneedle, both of which are owned by Ameriprise Financial.
iShares captured 31% of global ETF industry flows in 2014
January 14, 2015 by
Driven by its US and European product lines, the firm captured 31% of the total USD 331 billon in global exchange-traded-fund (ETF) market flows in 2014.
Azimut acquires 50% of Brazilian wealth manager LFI Investimentos
January 14, 2015 by
Azimut is already present in Brazil via its AZ FuturaInvest advisory operation, which is absorbing LFI, an independent wealth manager founded in 2009.
Nuveen’s Bob Doll releases his much-watched10 predictions 2015
January 14, 2015 by
Doll’s Ten Predictions have long served as thoughtful guides to issues investors should consider as they work with their financial advisors to build strong portfolios.
Banamex announces winners of USD 600 million Asian mandate
January 14, 2015 by
The announcement was a coup for Compass Group Mexico, which represents two of the firms that will share in the USD 600 million mandate. Rodrigo Blancas (photo), head of mandates, also revealed that it will be disbursing assets to previous winners of already-existing mandates, after many months of regulatory wrangling.
Academic report criticizes status quo of Peruvian pension system
January 5, 2015 by
Academics María Amparo Cruz-Saco, Juan Mendoza and Bruno Seminario, find three basic errors in the existing models: they criticize the attempt to finance pensions through a tax on workers’ wages in a market where about two-thirds of employment is informal, they find ample evidence that people are saving voluntarily for old age outside of the system, and they argue that existing law is “suffocating” initiative and competition between AFPs.
