BTG plans to distribute the UCITS funds to institutional clients across Latin America, according to Ignacio Pedrosa, head of third-party distribution at Pactual.
Tracking the Activities of Global Asset Managers in Latin America
BTG plans to distribute the UCITS funds to institutional clients across Latin America, according to Ignacio Pedrosa, head of third-party distribution at Pactual.
“We are looking forward to presenting the Neuberger Berman platform to our clients and are proud to represent and expand the firm’s presence in Latin America," said Becon's Fred Bates.
Amundi CEO, Yves Perrier, said: “The acquisition of Pioneer is a major step in the implementation of Amundi's strategy. It enables us to consolidate our position as European leader while enhancing the range of products and services offered to our clients."
“Americans are showing an increased willingness to invest and save for the future,” said BlackRock president Rob Kapito, commenting on a study showing that cash now totals 58% of Americans’ assets, down from 67% in late 2016.
Beginning June 1, clients of the AllFunds platform could purchase not just cross-border mutual funds but also ETFs from iShares, Lyxor, Source and Deutsche.
Steven de Vries will become head of global financial institutions, while Ignacio de la Maza (photo) will be appointed head of continental Europe wholesale & Latin America.
As HSBC’s chief private banking executive in the region, Abruzzo will oversee efforts to advance client service offerings and achieve sustainable growth for the business.
Jose Castellano has stepped aside after 16 years at Pioneer Investments, whose pending merger with Amundi was recently approved by the European Commission.
Jeff Cullen from Cullen Funds participated in the extensive roadshow, which was organized by Latam-based independent distributor Becon Investment. More than 300 wealth managers and gatekeepers participated.
“At the heart of BlackRock is a culture that embraces change and turns it into opportunity,” said CEO Larry Fink. “We are constantly anticipating how macro trends will reshape both our industry and our clients’ needs; we then pivot accordingly."
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