BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander, which is commandeered by Jose Antonio Alvarez.
Santander to assume management of JP Morgan’s Brazilian-risk funds
December 6, 2017 by
With the deal, Santander could add over USD 5 billion to its USD 80.5 billion in AUMs in Brazil. Santander already has more than 1 million local investors in its Brazilian-domiciled funds.
AllianceBernstein says Mexico among “most promising” markets in the region
December 4, 2017 by
AllianceBernstein, fresh off winning an Afore mandate, is ready to expand its operations in Mexico. It is actively seeking other mandates while deepening ties to the retail segment, according to Miguel Rozensztroch, senior managing director for Latin America.
Finaccess and Credit Suisse combine strengths to raise money among affluent in Mexico
December 4, 2017 by
The fund family was jointly designed by Finaccess and Credit Suisse, and offer access to a portfolio of strategies managed by Credit Suisse, Finaccess's Luis Cervantes told Fund Pro Latin America. Both firms distribute the products.
New alternatives regulations free up AFP cash
November 29, 2017 by
Two of Chile's most experienced executives in the alternatives industry - Matias Eguiguren and Ricardo Morales - explained how the new investment regimen streamlines the handling of committed capital.
BlackRock to acquire asset management business of Citibanamex
November 28, 2017 by
“BlackRock’s ambition is to become a full solutions provider in key markets around the world," BlackRock's Armando Senra said. "This transaction is a big step forward in that direction in Mexico."
Citibanamex’s wealth operation sees windfall from repatriations
November 28, 2017 by
Many investors considered the amnesty that ended on October 19th as a “last call” to bring money back to Mexico at a reduced tax rate, Citibanamex's Alejandro Martínez Féres said.
Record net inflows continue in Brazil
November 27, 2017 by
The Brazilian fund industry’s record net inflow through October 2017 - BRL 243 billion - reinforces the positive trajectory of the segment this year.
Colombian AFPs look to US and Latin America in October
November 26, 2017 by
The biggest inflows went to North America equity, with Colombian AFPs shifting USD 99 million into the funds after pulling money out the previous month.
Mandate news circulates during and after Afore convention in October
November 21, 2017 by
Pensionissste, Banamex, Profuturo and Principal were the subjects of mandate news in October and November, as were global managers BlackRock, Wellington, Franklin Templeton and a pair of others.
