Juan Manuel Veron (photo) also joins Principal Financial Group's executive committee to strengthen the asset management area. He will command the Investment and financial-risks team.
Deborah Hazell named new Latam chief at HSBC Global Asset Mgt.
June 16, 2014 by
Hazell (photo) will oversee HSBC Global Asset Management's operations in Brazil, Mexico and Argentina, in addition to the USA and Canada.
AFP Capital replaces CIO
June 16, 2014 by
Francisco Guzman Molina (photo) assumes the position that until now was occupied by Ricardo Mogrovejo.
Private-fund investors likely to flock to mutual funds in wake of tax changes
June 11, 2014 by
Local mutual funds, which fall under the Unified Fund Law, will be taxed at 10%, while President Bachelet's (photo) tax reform will strip private investment funds (FIPs) of their 35% exemption from the corporate tax rate. The FIP segment is worth around USD 15 billion.
Sprenger takes helm of Sura Mexico
June 11, 2014 by
The appointment of Chilean Pablo Sprenger as the new CEO of SURA Mexico will go into effect on July 1. Since December 2013, Sprenger had held the same post on an interim basis. In Mexico, SURA has 6.1 million clients and manages assets of USD 26.8 billion, with a market share of 14.3% in Siefore pension funds.
Bradesco launches Lux-domiciled Latin American bond fund
June 11, 2014 by
The Latin American Hard Currency Bond Fund will invest primarily in investment-grade corporate and sovereign bonds. The goal is to raise USD 100 million among investors in Europe.
Santiago Zarauza is the new head of Latam distribution at HMC Capital
June 11, 2014 by
Zarauza joins the firm, which has raised close to USD 1 billion in Chile for global managers, after a successful period with JP Morgan Funds.
Henderson places wholesaler in Uruguay
June 6, 2014 by
Henderson said that John Philip Davies will be based in Montevideo to work with leading private banks and wealth managers, as part of the firm's effort to better serve clients and intermediaries.
Invesco hard-closes Japan star’s blockbuster fund
June 6, 2014 by
The fund, popular with Latin pension managers, returned 67.4% over the three years ending April 2014, vs. an average peer-group return of 41.9% in Japanese yen terms.
Through advisory relationships, BBVA brings “the whole world” to its fund portfolio
June 6, 2014 by
"We are looking for a couple of big players – advisors – to supplement our [global] portfolio, because the key concept in our private banking is open architecture," Javier Diez Jenkins, director of wealth management and private banking at BBVA, told Fund Pro Latin America.
