BBVA Global Wealth Advisors joins the international wealth management service that BBVA already offers in Switzerland and Spain.
Tracking the Activities of Global Asset Managers in Latin America
BBVA Global Wealth Advisors joins the international wealth management service that BBVA already offers in Switzerland and Spain.
BBVA AM's Jaime Lazaro is very keen on digitizing its offering in Mexico as well as partnering with more third-party distributors with its recently launched global ESG fund.
Scotiabank CEO Brian Porter has said that the potential acquisition of BBVA’s retail business in Chile was a “once-in-a-lifetime opportunity.”
In the last quarter of 2014 these two managers suffered the worst falls in AUMs amid a period of great growth for many of their peers.
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.
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.
The product is for clients in private asset management, operated by BBVA Bancomer. Franklin Templeton will act as advisor on portfolio management. The target is to reach USD100 million in assets.
The bank is selling for USD516 million its pension unit in Peru to two separate pension firms, one controlled by Colombian financial conglomerate Grupo Sura and the other by Canada's Bank of Nova Scotia.
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