The opening of an office in Santiago complements others in Mexico and Brazil, and expands MSCI’s presence to 24 countries globally.
Nuveen centers its Latin American rollout on Chile
February 11, 2014 by
Several funds of Nuveen that have received investments from Latin American clients in general, including Nuveen Santa Barbara Global Dividend Growth Fund, Nuveen Winslow Large Cap Growth Fund y Nuveen Global Infrastructure.
New York Life Investments completes acquisition of Dexia Asset Management
February 6, 2014 by
Dexia joins New York Life Investments’ diversified family of investment boutiques and adds USD 100 billion in assets under management, bringing New York Life Investments’ total assets under management to USD 511 billion.
Argentine unit of Raymond James seals institutional distribution deals with two major US fund houses
February 3, 2014 by
The firm, which has already been distributing Eagle Asset Management products in Latin America, announced the strategic alliance on Jan. 30. A total 21 funds were registered for sale with the CCR in Chile.
It’s official: CorpBanca and Itaú announce deal, enhancing Brazilian firm’s presence in Andean region
January 29, 2014 by
The transaction will create the newest Andean banking platform, and catapult Itaú into a region-wide force to be reckoned with throughout Latin America. As a result of the merger, the branch network will consist of 217 branches in Chile and 172 branches in Colombia, all using the Itaú brand name.
MILA and Asian Passport initiative spark renewed interest in integrating Latam funds business
January 23, 2014 by
Fund managers are enthusiastic about the creation of a regional fund passport, since a regulatory framework of this type would multiply their business, based on the facilities for integrating investors from several countries into a single fund, selling the same fund in various markets, having a standardized tax treatment and integrating capabilities in order to compete with large international fund managers.
Mohamed El-Erian to leave PIMCO in March
January 23, 2014 by
Mohamed El-Erian abruptly stepped down as chief executive of the giant asset manager, which has struggled to hold on to investors as demand for its bond funds wanes.
MetLife and Citi announce global distribution agreement in 15 markets through 2025
January 16, 2014 by
The agreement expands upon an existing distribution agreement between MetLife and Citi that will expire in 2015. The products will be available to Latin American clients in Argentina and Brazil.
Itaú-Corpbanca deal would raise Brazilian firm’s regional profile
January 13, 2014 by
Corp's positioning in Colombia is what adds a special interest for Itaú, given that opportunities for expansion in the region have been difficult to come by. Price tags for financial services assets in Mexico, for example, the second largest regional market after Brazil, are relatively high. In Chile, entities are smaller given the country's small size, but opportunities for deals are scarce.
Aberdeen replaces Americas head
December 27, 2013 by
Aberdeen has changed the leadership of its Americas business with the recruitment of David Steyn from rival asset manager AllianceBernstein.
