Peter Charrington named global head of Citi Private Bank

The executive began his career at Citi Private Bank in 1994. He was a private banker in the United Kingdom and also held roles in structured lending and real estate.

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Market Vectors to offer 10 ETFs in Colombia

ETF issuers, including iShares and Horizons, have turned to Colombia as a new avenue for asset gathering, particularly from institutional investors.

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Sprenger named CEO of Sura AM and is given seat on Latin American executive committee

In his new role, Pablo Sprenger (photo) is responsible for growth of the pensions and annuities businesses, as well as life insurance and institutional funds in Mexico for Sura Asset Management Mexico.

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CCR Monthly Approval Report – August 2014

A total of 22 mutual funds were added in August to the list of approved instruments to receive investments from Chilean Pension Managers (AFPs).

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Falcom, newest distributor to AFPs with Oddo offering, seeks other niche vehicles

Roberto Salas (photo) told Fund Pro Latin America that distributing global brands to local AFPs is an additional way of generating value, and complements the development of in-house asset management capabilities.

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Aberdeen names business-development head to attack Latam wealth segment

Aberdeen has tapped Luxembourg-based Menno de Vreeze to oversee its New-York and South-Florida-based offshore wholesaling teams.

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Mercer, seeking to boost regional growth, appoints Latam leader

Eduardo Ragasol, who will be based in Brazil, was previously the president and general manager in Brazil for Nielsen, the global information and measurement company.

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Deutsche names Andrés de Goyeneche chief country officer of Chilean bank

The executive will continue to be based in Santiago and report to Bernardo Parnes, CEO of Deutsche Bank Latin America, and Alberto Ardura, head of capital markets and treasury solutions, Latin America.

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Market experts predict shift to alternative funds as traditional yields shrink

Pressure on AFPs to deliver decent-sized pensions will lead to greater investment in this category, especially considering the narrow yields of regional fixed-income and the volatility of global equity markets.

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Credicorp launches MILA funds across asset classes

Credicorp is launching Cayman- and Luxembourg-domiciled funds in the equity and debt markets. The Condor Equity Fund invest exclusively in MILA, while the Latin American Corporate Debt Fund seeks to invest 40 to 60 percent in MILA and the remainder in Mexico and Brazil primarily. Meanwhile, it is in the fundraising period for its Peru Real Estate Fund and its Colombian Real Estate Construction Fund, which offer investors access to MILA’s developing real estate sector.

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