Axel Christensen named Chief Investment Strategist for BlackRock in Latin America and Iberia

He will provide asset allocation advice and customized BlackRock model portfolios to better meet the needs of clients throughout the region.

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Bank of America puts non-US wealth arm up for sale

The deal could bring in up to USD3 billion or more than 3% of assets under management.

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Baer seen close to buying Merrill’s non-U.S. wealth units

One source said that Baer could pay up to USD2 billion for the unit, which manages some USD90 billion for clients in Europe, Latin America, the Middle East and Asia.

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State Street buys GSAS

State Street, said that it has agreed to pay USD550 million to buy Goldman Sachs Administration Services as it looks to become the leading global administrator of hedge funds.

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Saxo Bank opens office in Uruguay for private investors

Saxo Capital Markets Agente de Valores is intended to bring the bank closer to its customers in the region and offer a service that is adapted to the needs of Latin American investors.

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Pioneer appoints Bailie to head Western Europe and Latin America

He will join the firm in April and will report to Sandro Pierri, chief executive officer.

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BlackRock to buy Credit Suisse ETF arm

Upon completion of the deal iShares – BlackRock’s ETF arm – will run 264 ETFs with USD157.6 billion.

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Credit Suisse to sell European ETF business

Credit Suisse Group has put its USD17.2 billion European exchange-traded fund business up for sale.

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VelocityShares names a head of Latam sales

VelocityShares has appointed Daniel Saieh as managing director and head of Latin American sales.

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Latin American Pension Fund Investments in International Securities – June 2013

Chart comparing levels of pension fund system investments in international mutual funds and other international securities. Data from Argentina, Chile, Colombia, Mexico and Peru. Data broken out by instrument. Year-end totals from December 2008 through 2012, previous month results and as of June 30, 2013.

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