New York Life is actually arriving a bit late to the mutual fund arena, since its rivals Allianz and Zurich have already launched third-party fund platforms that can be accessed by their respective producers and financial advisors. New York Life's interest in actually owning an asset manager would, however, elevate the firm beyond simple fund distribution.
Natixis appoints director of global key accounts for Latam and US offshore
February 28, 2014 by
Rodrigo Nunez Aguilar was most recently head of funds and advisory sales for Latin America and US offshore at Barclays. He previously served as New York-based executive director for Latin America and US offshore distribution at Morgan Stanley Investment Management.
WisdomTree extends global reach in Latin America
February 28, 2014 by
The Peruvian pension regulator approved the sale of 12 WisdomTree ETFs, a necessary condition before they can be purchased.
After banner year, two high-profile departures at JP Morgan’s Chile office
February 28, 2014 by
A series of abrupt personnel movements in recent weeks affecting JP Morgan Asset Management's Latin American distribution team have thrown into doubt just what shape the firm's asset-gathering effort will take in the region going forward. One executive has joined MFS; while the other - who helped the firm double its assets from AFPs in 2013 - is looking to reinsert himself into the market.
New Colombian pension decree may include loosened cross-border investment rules
February 25, 2014 by
David Salamanca, director of financial regulation at the Ministry of Finance, said a technical commission had been meeting since November last year and would continue its work until March, when it would deliver its final considerations.
AFP Planvital upheaval has different effects on industry and actors
February 25, 2014 by
The low-ball offer of Planvital will put trememdous pressure on its larger rivals to trim their fees, at least somewhat. Most in the industry fear that the government will still pursue its plan to launch a low-cost, state-run AFP, to compete with other industry players.
BBVA Bancomer: Private banking of the future goes beyond the financial
February 25, 2014 by
BBVA Bancomer wants to "bring the world to Mexico” through products that offer geographical and sectoral diversification backed by expert advice. BBVA Bancomer offers funds advised by global firms such as BlackRock and Franklin Templeton.
Bill that would modernize oversight of Chilean fund market likely to pass in second half
February 21, 2014 by
The bill enjoys the backing of most of the actors in the capital market. The local mutual fund association has given its blessing, as it believes the change is a necessary step to Chile becoming a regional financial platform.
Mark Mobius: Mexico is on the tip of everyone’s tongue
February 21, 2014 by
The outlook for Mexico is positive, said Mobius, and the Mexican government's announced agenda is generating enthusiasm. Just how quickly the government is able to implement new legislation and reforms in general will prove decisive to the realization of these ambitious goals.
Scotiabank adds ex-Mexican regulator Babatz to its board of directors
February 21, 2014 by
Scotia is on the few multinational firms to have made significant investments in the Latin American pension and asset-management space in recent years. It is now well positioned in the Mexican, Colombian and Peruvian pension fund markets, and has a significant banking presence in Chile and Mexico.
