It remanins unclear what will become of Deutsche's custody businesses in Argentina and Mexico, where it serves as custodian for locally-traded instruments such as funds, ETFs and securities.
El Dorado aims for larger role in Andean fund-distribution business
June 29, 2015 by
This service is being launched precisely at a time when the Peruvian pension fund investment regime has undergone important changes, including elimination of "approved lists" of the SBS, creation of sub-limits for investments in private equity, and validation of mutual funds that use derivatives for hedging.
Managers welcome easing of Peruvian AFP investment rules
June 29, 2015 by
A new SBS resoultion makes it easier for Peruvian AFPs to allocate to UCITs and other funds that use derivatives for non-hedging purposes and to ETFs based on synthetic indices.
Capital Strategies gathers USD 1 billion in Latam for boutique global managers
June 9, 2015 by
From its office in Lima, the firm distributes the funds of several boutique fund managers, mostly to institutional investors, family offices and wealth managers in Chile, Peru and Colombia, said Nicolás Lasarte, director of Capital Strategies Latam.
AFP Integra applauds raising of international investment limit in Peru
April 17, 2015 by
Raising the international investment limit to 42% "has been very positive for our system," said Jorge Ramos, CEO of Sura Peru - AFP Integra. "It has allowed us to diversify our investments and achieve positive real returns in all our funds despite the very negative performance of the local stock market."
A MILA fund platform? Chilean execs don’t see it working
March 26, 2015 by
Initiative of the Mutual Fund Association seems like more of a political announcement than a project with a real future, sources told Fund Pro Latin America.
Academic report criticizes status quo of Peruvian pension system
January 5, 2015 by
Academics María Amparo Cruz-Saco, Juan Mendoza and Bruno Seminario, find three basic errors in the existing models: they criticize the attempt to finance pensions through a tax on workers’ wages in a market where about two-thirds of employment is informal, they find ample evidence that people are saving voluntarily for old age outside of the system, and they argue that existing law is “suffocating” initiative and competition between AFPs.
Scotiabank to acquire Citibank’s retail and commercial banking operations in Peru
January 5, 2015 by
"This acquisition is in line with our strategy to increase our scale within the Peruvian banking sector, as well as the other Pacific Alliance economies of Mexico, Colombia and Chile," said Dieter Jentsch, group head of international banking at Scotiabank.
BTG Pactual appoints new director of wealth management
November 19, 2014 by
BTG Pactual Peru has named Guillermo Van Oordt as the new director of wealth management for its Peru office. The appointment comes months after José Antonio Blanco was appointed as CEO.
S&P Dow Jones to take over all Lima Stock Exchange indices
September 23, 2014 by
S&P DJI will be responsible for the marketing and commercial licensing of the BVL indices. The agreement also allows S&P DJI to eventually calculate all of the BVL indices, and to jointly create new indices with the Exchange to meet the evolving needs of investors inside and out of Peru.
