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.
Sura adds cross-border Franklin Templeton funds to Chilean lineup
April 27, 2016 by
"Open architecture is a pillar of our model of unbiased advice," Renzo Vercelli, CEO of Corredores de Bolsa Sura, told Fund Pro Latin America. The Franklin funds join others sponsored by BlackRock, BTG Pactual and ING.
EFG snatches Swiss bank BSI from Brazil’s BTG Pactual
February 24, 2016 by
For BTG, the sale brings much-needed cash after the November arrest of founder André Esteves triggered massive client money outflows. BTG is left with just a 20% stake in the bank it bought just five months ago.
To raise cash, BTG ponders sale of Swiss bank to EFG
February 19, 2016 by
EFG, the Swiss private bank controlled by billionaire Spiro Latsis and his family, would double its assets under management should the sale go through.
Excel Capital, Chile’s newest distributor, hits ground running with Aberdeen, Henderson and Aviva Investors as clients
January 13, 2016 by
The firm is headed by three executives with years of combined experience dealing exclusively with global asset managers. At Excel, they plan to treat distribution as a core activity and give it the focus and resources necessary to keep the business growing.
Rumors swirl in Chile over possible Aberdeen-BTG breakup
November 13, 2015 by
As BTG attempts to rebuild its global-fund distribution team, it faces the defection of not only Columbia Threadneedle but also Aberdeen, which at one time had gathered nearly USD 6 billion from Chilean AFPs.
BTG Pactual sets sights on local asset management in Mexico
November 4, 2015 by
The firm, which has focused mostly on brokerage since its arrival in March of 2014, will expand its operations in Mexico to private banking and fund management, under the direction of Guillermo Ortiz Martínez, ex-governor of the Bank of Mexico.
Fitch cites Brazil’s ‘deterioration’ in lowering of BTG Pactual’s rating outlook
August 16, 2015 by
The downgraded outlook reflects a change in Fitch's view on BTG's acquisition of BSI, a private bank headquartered in Switzerland, due to the significant deterioration in Brazil's operating environment.
Political and legal questions could be provoking redemptions from Penta and CorpBanca funds
January 29, 2015 by
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.
Delay in kickoff of independent-worker pension scheme impacts AFP Planvital and BTG
January 20, 2015 by
AFP Planvital is about to become a direct victim of the delay, since it would have benefited from independent workers' new compulsory flows. The situation complicates any potential plan by the AFP's owner - BTG Pactual - to sell the AFP to a third party.
