Carlos Constantini, who was named CEO of the US unit, will be based in Miami, home to Itau's private-banking operation for Latin American clients. He will take charge of Northern Hemisphere wealth-management, including the Zurich business.
Sovereign wealth funds boost allocations into emerging markets
December 23, 2016 by
Sovereign wealth funds are significantly increasing allocations to private markets (private equity, real estate and infrastructure) and emerging markets, says Will Kinlaw of State Street Associates.
Second TC Latin America real-estate fund raises USD 268 million
December 19, 2016 by
TCLAREF II will opportunistically invest in the development of residential, commercial and industrial real estate projects in Peru, Colombia and Mexico, says Gregorio Schneider of TC Latin America Partners.
Nuveen’s NuShares ETFs use ESG criteria while tracking US markets
December 15, 2016 by
NuShares ESG ETFs track the performance of the US market across various market caps and investment styles, while giving consideration to environmental, social and governance criteria.
Pioneer Investments to be purchased by Amundi for USD 4.1 billion
December 13, 2016 by
With over EUR 1 trillion in assets, Amundi is ranked the world’s 12th-largest asset manager. The Pioneer deal would turn it into the world’s eighth-largest asset manager, according to main shareholder Credit Agricole SA of France, handling EUR 1.3 trillion in assets.
BofA Merrill: 2017 shaping up as year of the active investor
December 12, 2016 by
“If investors choose asset classes, sectors and stocks carefully, they can meaningfully outperform the market," says BofA Merrill's Candace Browning. "2017 could be the year of the active investor.”
State Street: Reduced liquidity having higher impact on investment strategy
December 1, 2016 by
“Increased regulation and the pressure to manage costs have significantly changed market liquidity conditions,” says Lou Maiuri of State Street.
UBS says HNW investors more confident in markets post-Trump victory
December 1, 2016 by
"With the election behind us, many investors are looking ahead with a growing sense of optimism about the economy and the markets," says UBS's Paula Polito.
BlackRock adds regional director to oversee Chile, Peru and Uruguay
November 29, 2016 by
Andrés de Goyeneche joins BlackRock after having led Deutsche Bank Chile as its general manager. He now forms part of a Latin American and Iberian team that includes 130 investment professionals, of which 13 are based in Chile, Perú and Uruguay.
Santander buys back asset management unit, eyes Allfunds sale
November 21, 2016 by
The Spanish bank is clawing back the 50% stake in Santander Asset Management it sold to Warburg Pincus and General Atlantic for EUR 2 billion in 2013. It manages EUR 170 billion in client assets.
