Alberto Delezé, head of distribution, said the potential market for mandates is brutally big and very interesting for any manager. It should eventually result in a more open investment regime and further easing of regulations.
Flexibility and adaptability are Schroders’ keys for achieving the first Afore funding
The process of setting up a mandate will be more flexible
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
BNP Paribas launches local custody in Colombia
The move allows BNP Paribas to provide post-trade services to international banks and investors wishing to invest in Colombia, while supporting the international expansion of banks, brokers and institutional investors based in Colombia and other Latin American countries.
United States Commodity Funds lists products on Mexican stock exchange
The ETPs available on the BMV are United States Oil Fund, United States Natural Gas Fund, United States 12 Month Oil Fund, United States Gasoline Fund and The United States Commodity Index Fund.
SVS simplifies sale of foreign funds to individual investors
The funds will no longer need to be registered with the Foreign Securities Register since agreements between the Chilean regulator and the foreign markets will be recognized.
Afore Banamex funds its first mandate with Schroders
After a procedure lasting two years, the British firm received USD200 million for investment in global equities. Javier Orvañanos, investment manager at Afore Banamex, said funding new mandates should not take more than a month in future.
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.
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.
Pensions Superintendent looking at use of currencies by AFPs
It had been noticed that some foreign managers have issued special share series denominated in currencies different from the underlying asset.
JP Morgan Funds strengthen in Latin America
The creation of a new job to coordinate all sales in the region, filled by Guiuliano de Marchi, combines with the plans to open a distribution office in Colombia.







