Deutsche to sell Argentine unit to the local Banco Comafi

As part of a so-called “footprint rationalization” strategy, Deutsche is closing its Argentine and Mexican operations while trimming by about 50% its staffing in Brazil as it moves trading elsewhere.

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BNP Paribas outlines how mandate process in Mexico could be improved

Noting that the Afores were born in 1997 and turn 18 in 2015, Luis Palacio, sales director of BNP Paribas Investment Partners in Mexico, says: "They have reached legal age and must be allowed to make decisions like adults."

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Consar, Afores and global managers discuss speeding up the mandate process

Consar President Carlos Ramírez has met recently with the teams of Afore Banamex and two global managers with which the pension manager has funded mandates, Schroders and BlackRock.

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Santander sells off half of its Latin custody business

A group led by Warburg Pincus that includes the Singaporean Temasek will acquire a 50% stake in Santander’s custody business in Spain, Mexico and Brazil. The transaction is expected to close in the fourth quarter of 2014.

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Relaunch of Colombian fund industry set for 2014

The most important changes in the new rules include allowing specialization of the various activities required to operate mutual funds, fast-tracking the authorization and distribution process for funds investing in traditional assets, and a more prominent role for custodians. In addition, non-Colombian securities registered in MILA countries would now be considered "traditional" assets.

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BNP Paribas launches local custody in Colombia

The move allows BNP Paribas to provide post-trade services to international banks and investors wishing to invest in Colombia, while supporting the international expansion of banks, brokers and institutional investors based in Colombia and other Latin American countries.

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