While Security already has a distribution alliance with Oaktree Capital Mgt., the hiring away of Enrique Santibáñez from Bice was seen as a major step in fully developing this line of business.
Vanguard to enter mutual-fund market in Mexico
While ETFs will still be its main offering, Vanguard Investments Mexico is ready to take on the mutual fund business in the country through subadvisory and directly with the Afores as soon as regulations allow.
Redeemable funds in Chile have gathered USD 5.2 billion in AUM
Luis Alberto Letelier, president of the ACAFI, says redeemable funds - which increasingly invest in funds of global managers - have opened a great tax-efficient opportunity for affluent Chilean investors.
Ardian hires Compass exec to head its new Chilean distribution office
Nicolas Gazitua, who spent the last seven years in a sales role at Compass Group, will lead the alternatives manager's Santiago-based team, in coordination with NY co-heads Mark Benedetti and Vladimir Colas.
Amundi strengthens focus on Latin American institutional asset gathering
After its merger with Pioneer, Amundi has decided to attack the Latin American institutional market from Santiago and Mexico, leveraging the experience of Silvia Fernández, who led Pioneer's distribution area in Andean markets.
EuroAmerica turns over fund-management and insurance business to Zurich for USD 155 million
According to Fund Pro Latin America, the deal will boost Zurich’s mutual fund business in Chile to well over USD 1 billion, by adding EuroAmerica AGF's USD 938 million in AUM to its current AUM of USD 363 million.
M&G strengthens Latin American sales team
The European manager has fortified its Latin American sales team with the hiring of Madrid-based Ander López Francoy as sales director for the region.
Post-merger with Corpbanca, Itaú looks to launch ETFs and vehicles with global partners
"We want to increase the number of ETFs available in the market, which will surely bring more and better options to Chilean (and possibly international) investors," Itaú AGF's Wagner Guida told Fund Pro Latin America.
Nordea to retain Bice relationship in Chile as it preps Andean beachhead
Bice Asset Management will continue supporting them in Chile with local AFPs, even though the 10-year distribution agreement is expiring, according to Bice's Enrique Santibáñez.
BICE focuses on internationalization and alternatives
BICE Inversiones is eyeing opportunities in the alternatives space, and is nearing an agreement with a large global private-debt manager, said the firm's Enrique Santibáñez.









