BTG plans to distribute the UCITS funds to institutional clients across Latin America, according to Ignacio Pedrosa, head of third-party distribution at Pactual.
Tracking the Activities of Global Asset Managers in Latin America
BTG plans to distribute the UCITS funds to institutional clients across Latin America, according to Ignacio Pedrosa, head of third-party distribution at Pactual.
BTG Pactual, whose third-party-fund distribution business disintegrated in late 2015 following the departure of key executives, appears to be making another go of it.
“Almost all funds in the market are now available on our digital platform,” BTG Pactual Digital's Marcelo Flora told Fund Pro Latin America. “For us, offering open architecture is a way to truly put the client first."
The independent Chilean firm was spun off by Moneda Asset Mgt. and purchased by ex BTG executive Alejandro Reyes. Since then, it's been populated by a slew of BTG analysts and managers, including lead portfolio manager Rodrigo Rojas.
Persio Arida, who became BTG's chairman only in December last year, will be replaced by Roberto Kalim, currently BTG Pactual’s co-chief executive officer, according to a securities filing.
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.
Fernando Massú, ex CEO of Corpbanca, has taken over as BTG's president, in replacement of Juan Andres Camus. New heads of the fund-management and brokerage arms were also named.
Prior to joining BTG Pactual in June 2016, he was the Madrid-based Spanish country head of Tikehau Investment Management, a leading independent boutique with a strong focus on private debt.
Local domiciled private-equity funds are enjoying strong growth just as the regulator is proposing increased limits on AFP investments in alternatives.
The institutional-distribution division of BTG Pactual was recently taken over by Danny Aballay, who is tasked with rebuilding the unit after the flight of several of its cross-border clients. His promotion was one of several in the Chilean market.
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