International investment funds faced net withdrawals of USD 2.4 billion in 2024. Yet, global credit and US equity strategies emerged as key opportunities, attracting demand from the institutional and the wealth channel.
Brazilian international fund outflows surge amid recent exchange rate volatility
Santander to buy BNP Paribas Mexico asset management business
"Wealth management and insurance is one of the fastest-growing global businesses for the group, and Mexico is one of our main markets," said Victor Matarranz, Santander's global head of wealth management and insurance.
BNP Paribas Opens Miami Office
The bank appointed Matt O’Connor as Head of its new Miami office and Annabella Espina the Chief Operating Officer (COO).
Consar will soon be in charge of cross-border-fund approvals, replacing the Amafore
The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.
Natixis fills recently vacated sales post for Colombia, Peru and Panama
Natixis hired Bogotá-based BNP veteran Lucas Pérez, replacing sales manager Daniel Arias Kluge, who moved to Miami to join Pimco. Pérez reports to Jose Luis León.
BNP Paribas gets back in game, launching local feeder targeting Europe
The firm already has three other feeders in Brazil, but the new fund, to be launched in November, is its first with a foreign-exchange hedge," says BNP's Luiz Felipe Santos.
Invex hires institutional sales veteran Luis Palacio
Palacio had most recently served as commercial director on the institutional side for BNP Paribas Investment Partners in Mexico.
BNP Paribas Brazil makes string of hirings to beef up wealth team
Rogerio Santos, who has passed through HSBC, Votorantim, BankBoston and Cititbank, was named BNP's commercial superintendent for wealth management. Five other hires were made to beef up the wealth management area.
BNP Paribas IP launches local lifecycle funds in Mexico
BNP Paribas Investment Partners maintains its high expectations for the Mexican market over the long term and in January launched its family of Ciclos de Vida funds targeted at institutional clients.
UBS, Julius Baer and Pactual ponder Buenos Aires beachhead
The firms are said to be closely eyeing Argentina's tax amnesty program, which promises to bring back more than USD 15 billion into the country, while bringing billions more out of the shadows.