"Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry," said Jed Laskowitz, co-head of global investment management solutions for JP Morgan Asset Management.
General Atlantic to increase stake in Brazil’s XP Investimentos to 49%
April 22, 2016 by
The brokerage firm and fund distributor is growing not only in Brazil but also in the US, where it will probably double headcount this year to about 90 people, with half in Miami and the other half in New York, says CEO Guilherme Benchimol.
Brazil’s Itaú eyes Citigroup’s Latin American operations
April 15, 2016 by
An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.
Brazil’s SulAmérica ups institutional cross-border offering with new feeder
March 30, 2016 by
SulAmérica's team visited more than 20 global managers in a qualitative and quantitative process that culminated in the choice of ABS Investment Mgt., a specialist in global equity long/short products, said Marcelo Mello, CEO at SulAmerica Investimentos.
Santander Brasil eyes Citigroup’s banking branches to grow wealthy clientele
March 30, 2016 by
Santander Brasil, the local unit of Spain's Banco Santander SA, wants to grow banking and other financial services for high net-worth clients, senior vice president Conrado Engel said at an event with investors in Rio de Janeiro.
Euroclear and Mexican stock exchange form venture to facilitate industry-wide fund supermarket
March 17, 2016 by
“Allowing Mexican investors easier access to mutual funds will improve liquidity and develop the local market,” said José Oriol Bosch, the CEO of the BMV stock exchange.
Sura and Credicorp agree to develop infrastructure projects in Colombia and Peru
March 8, 2016 by
Juan Carlos Botero, director of SURA Investment Management, said the partnership's initial focus will be on the Colombian and Peruvian markets.
Old Mutual may put Mexican and Colombian retirement operations on the block
March 7, 2016 by
Old Mutual is said to be considering selling or spinning off its Latin American operations - including its retirement business in Mexico and AFP in Colombia - as part of a global restructuring.
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.
Old Mutual sells fixed-income group Rogge to Allianz Global Investors
February 9, 2016 by
The transaction would strengthen the fixed-income business of Allianz Global Investors, while giving Rogge Global Partners larger distribution of its products. The transaction, which involved an undisclosed sum, is expected to complete in the second quarter of 2016.
