Amundi-Pioneer merger set to close on July 3

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."

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BlackRock: Americans sitting less on cash in order to fund retirement

“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.

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Allfunds platform now includes exchange-traded funds of multiple firms

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.

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De la Maza named head of Latin America for merged Janus-Henderson operation

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.

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HSBC names Joe Abruzzo head of global private banking for the Americas

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.

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Pioneer veteran Castellano departs

Jose Castellano has stepped aside after 16 years at Pioneer Investments, whose pending merger with Amundi was recently approved by the European Commission.

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Becon and Cullen complete joint Southern Cone roadshow

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.

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BlackRock positions equity investment platform for future of active management

“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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JP Morgan to build out Latam presence with Mexican and Colombian offices

The offices add to JPM's asset management operations in Chile and Brazil.

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Merrill Lynch trims divisions in executive shakeup

Don Plaus will lead Merrill Lynch's elite Private Banking & Investment Group, which caters to wealthy clients. He'll also oversee the firm's international business, according to news site On Wall Street.

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