With the support of the main political forces, Congress finally passed the pension system reform. The reform raises contributions, confirms the role of AFPs and strengthens social protection.
CCR Monthly Approval Report – January 2025
February 3, 2025 by
Sponsors gaining approval were Schroders, Ishares, Invesco, Nomura, Pamlico and Permira.
CCR Monthly Approval Report – December 2024
January 9, 2025 by
Comgest, Lord Abbett, Jupiter, BC Partners and Novacap were the fund sponsors gaining approval for new product.
Julius Baer to sell its domestic Brazilian business to BTG Pactual
January 7, 2025 by
Julius Baer will continue to service Brazilian clients from other locations. It has a presence in Mexico, Chile, Uruguay, Colombia, and Spain. As such, the Brazil International business remains unaffected.
Mid-January is the deadline for choosing a pension manager
January 3, 2025 by
In this first stage, participants will be allocated to the four existing AFPs but by mid-2025 new managers will be entering the system.
Itaú Private Bank taps Brown Advisory for global expansion
December 20, 2024 by
Fernando Beyruti, Global Head of Itaú Private Bank, highlighted the potential for this partnership to expand their advisory role in international investments. It bridges local wealth with global investment opportunities, setting a new standard for private banking in Brazil.
Guillermo Zamarripa appointed as new President of FIAP
December 17, 2024 by
Zamarripa, will succeed Guillermo Arthur, who led the Federation for over two decades. Additionally, FIAP’s internal structure was reinforced, with Karol Fernández serving as Executive Vice President.
Sartor and Taurus set off alerts due to fund management issues
December 15, 2024 by
Both managers have had problems in managing their products which has been questioned by the regulator and the market.
Regulatory change by Consar now allows Afores to invest in active ETFs
December 6, 2024 by
The regulatory update had been long awaited by several asset managers, who can now compete on a more level playing field for a market valued at approximately USD 50 billion.
BlackRock to acquire HPS IP to deliver integrated solutions across public and private markets
December 4, 2024 by
This combination creates an integrated private credit franchise with USD 220 billion in client assets.
