League Table – Assets Gathered by Cross-Border Fund Managers – Latin American Institutional Market – June 2013

Includes assets gathered by cross-border fund managers in the following markets: Chilean pension funds (AFPs), mutual funds (AGFs) and life insurers, Colombian pension funds (AFPs), Mexican pension funds (Afores) and mutual funds (OFIs) and Peruvian pension funds (AFPs). Period: Six months ending June 30, 2013.

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BTG Pactual finalizes Celfin Capital deal

The Sao Paulo-based bank said that the deal will create the leading investment bank in Latin America.

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BNY Mellon hires Latin American expert from BlackRock

Has named Yolanda Plaza-Charres to a newly created position as sales director for Latin America. The appointment comes on the heels of the opening last week of BNY Mellon’s first wealth management office in the Cayman Islands.

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William Blair enters Latam

The Chicago-based investment bank and asset management has opened a new office in Sao Paulo, Brazil, expanding firm's reach to Latin America.

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Itaú keen on additional Latin American expansion

Roberto Setúbal, Itaú's President, said the second-largest Brazilian bank is keen on growing its business in Chile and in other Latin American countries and is considering acquisitions.

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RBC to close Uruguay office

The decision is part of a strategic review of the Latin American business, said Aishling Cullen, a spokeswoman for the Toronto-based company.

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Felipe Godard appointed new Head of Deutsche Wealth Management Latin America

He will be based in Geneva, Switzerland and will report to Haig Ariyan and Chip Packard, Co-Heads of Wealth Management, Americas.

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Gonzalo Binello will move to London to take up a new role in Schroders

In February, Gonzalo Binello, the Head of Distribution Latin America (ex-Brazil) of Schroders, will move to London to take up a new role in the Global Financial Institution Group (GFIG).

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BBVA may sell Latam pension businesses

Spain's No.2 bank BBVA may sell its Latin American pension fund businesses, joining the ranks of banks looking to shed operations outside their main markets to reduce risks and meet tougher capital rules.

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Santander sells 50% of fund unit to Warburg, General Atlantic

The business was valued at about EUR2 billion, or nearly USD2.7 billion.

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