Local Argentine manager SBS contracts Franklin Templeton to subadvise its fixed-income funds

After nearly a quarter century with a presence in Buenos Aires, Franklin has finally decided to dip its toe into the local fund market.

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Window of opportunity for AFP Colectiva as managers shy away from fee fight

This non-profit manager has not initiated any process with Pension Superintendent to launch an AFP, despite having a chance to grab all new-worker retirement accounts in 2019 and 2020.

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Franklin Templeton is latest firm to open Santiago office

The firm announced the appointment of ex-Legg Mason executive Gonzalo Ramírez Correa as vice president of sales.

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MFS appoints Chile and Peru sales head

Perez Iturraspe will oversee all sales and client-service operations in the two countries effective immediately. He has relocated from Buenos Aires to Santiago and will report to L. José Corena, managing director for the Americas.

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Old Mutual to offload Latin American operations, including Colombian AFP

The Skandia name is set to be revived in Latin America by the prospective buyer, the Chinese-owned CMIG International.

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Mirabaud AM exec shakeup brings new coverage of Latin America

Elena Villalba will be responsible for business development in Spain, Portugal and Latin America. Meanwhile, Raimundo Martín, managing director for Iberia and Latin America since October 2012, is leaving the company.

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Sura eyes bigger slice of wealth segment in Mexico

With the idea of competing in the high-net-worth and private-banking segments, Grupo Sura is now seeking an agreement with a local brokerage firm, Pablo Sprenger, Sura's country CEO, said.

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Scotiabank property to take over Citi’s retail banking network in Colombia

Acquisition of Citi's 47 branches and 424 self-service access points across Colombia fits with Scotiabank's strategy to increase scale in Pacific Alliance economies of Colombia, Mexico, Chile and Peru," said the firm's Nacho Deschamps,

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EuroAmerica AGF closed 2017 as a market innovator

The Chilean asset manager launched a string of diverse products, including Argentine equity and fixed-income vehicles that captured the attention of institutional and family-office clients.

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Julius Baer boosts Brazilian wealth presence with Reliance acquisition

Julius Baer, which already purchased multi-family office GPS Investimentos in Brazil, has agreed to acquire 95% of Reliance Group, another large independent wealth firm.

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