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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Afore CitiBanamex funds USD 550 million in Asia Pacific mandates with three global firms

The successful implementation makes the mandates the first-ever targeting the Asian continent, which CitiBanamex said underscores its leadership in the implementation of innovative strategies within the retirement savings system in Mexico.

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Citi ups investment in Mexico, while selling off Argentine and Brazilian consumer units

Jane Fraser, Citi Latin America CEO, emphasized that the firm would continue to have a presence in Argentina and Brazil outside of the consumer segment.

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Itaú has pole position for acquisition of Citi’s Brazilian retail banking operation

Itaú has reportedly outbid Banco Santander in initial offers presented to Citigroup. The Spanish bank is exclusively negotiating on Citi's Argentine operation while Scotiabank is in talks for its Colombian holdings.

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Citi Private Bank continues to build out Latin American team

As newly named head of the Latin American multi-asset trading & advisory team, Nicolas Schmidt-Urzua will be responsible for providing complex trading solutions to the firm’s most sophisticated capital markets clients, including active traders.

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Ex Citi and Itaú private bankers hook up with WE Family Office

Manual Cabielles and George Moscoso have joined WE's Miami office as relationship managers, expanding the firm's reach among Latin American families.

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Citi Survey: Hedge fund profits off 30% due to poor performance in 2014

Citi’s report, formerly known as the Hedge Fund Business Expense Benchmark Survey, is based on proprietary analysis and detailed responses from 149 hedge fund firms that collectively represent USD 581 billion in industry AUM, or 19.8% of total industry assets.

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Banamex offers Citi custody and management services to Afores in Mexico

Afore Banamex will be the first to use the Citi services for custody of its new international asset management mandates.

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