The decision to leave markets in Asia and Latin America reflects regulatory and other constraints facing Wells in the wake of its fake account scandals that have cost it billions of dollars.
Deal with Aiva boosts Allianz’s distribution into Argentina, Uruguay and Paraguay
October 13, 2020 by
"Now more than ever, we are concentrated on broadening our distribution partners and prioritizing proximity," said Allianz GI's Alberto D’Avenia.
Picton takes over institutional distribution duties for Federated Hermes
August 26, 2020 by
Picton will focus on positioning Federated Hermes’ investment capabilities and services in the Latin American pension sector and with other institutions.
Jupiter expands Latin America and US offshore distribution team
August 26, 2020 by
Jupiter's William Lopez has put together a distribution team that relies on three external firms in addition to in-house professionals.
BlackRock sees AFPs increasing their use of fixed-income ETFs
August 26, 2020 by
Fixed-income ETF trading volume spiked by a factor of four or five during the onset of the pandemic, said Benjamín Souza, director and fixed income strategist for Latin America at BlackRock.
SURA launches Lux Sicav to capture global clientele
August 22, 2020 by
"The vehicle launch places SURA on the same footing as the more important global asset management firms, while reinforcing our value proposition," stated Ignacio Calle, CEO of SURA Asset Management.
Natixis survey finds surprising optimism among financial advisors
July 28, 2020 by
Despite optimism for their book of business, most (84%) advisors admit business development is a challenge. In a typical week, they dedicate just 9% of their time to prospecting new clients.
Survey: Most institutions pleased with managers’ stepped-up communication during crisis
July 14, 2020 by
State Street's John Lehner sees "an opportunity for asset managers to provide more strategic views and forecasts through technology, such as podcasts, webinars and video conference calls.”
Citi sees second-half rebound in emerging markets, global small- and mid-cap equities
July 14, 2020 by
David Bailin, chief investment officer at Citi Private Bank, urged investors to get off the sidelines and put cash to work as a new cycle begins.
Politicians look to AFPs to salve economic wounds during corona virus
May 31, 2020 by
Government officials across the Andes are suggesting allowing workers to tap into the pension savings to help make ends meet during the pandemic.
