It remanins unclear what will become of Deutsche's custody businesses in Argentina and Mexico, where it serves as custodian for locally-traded instruments such as funds, ETFs and securities.
BlackRock swallows up Bank of America’s USD 87 billion money-market business
November 4, 2015 by
"Combining our business together with Bank of America assets and distribution puts us in a unique competitive position," said Tom Callahan, co-head of global cash management at BlackRock.
BlackRock completes acquisition of Mexican infrastructure investment firm
October 14, 2015 by
This acquisition of Infraestructura Institucional, a specialist in transportation, energy and social infrastructure, is another step towards establishing BlackRock’s infrastructure investment capabilities in Latin America.
BTG Pactual’s top two cross-border-fund distributors quit; rumored to set up own firm
October 14, 2015 by
The abrupt departures could impact the distribution of brands such as Aberdeen, Aviva, Credit Suisse, Henderson, State Street and Columbia Threadneedle.
Columbia Threadneedle teams with institutional heavyweight Rio Bravo in Brazil
October 14, 2015 by
Columbia Threadneedle’s Joseph Sweigart said his firm is teaming with independent manager Rio Bravo Investimentos to launch a Brazilian-domiciled European-equity fund targeting Brazil’s corporate-pension market.
Templeton and Brazilian insurer SulAmerica ink partnership, launch global fund
September 10, 2015 by
Franklin, which is headed in Brazil by Marcus Vinicius Goncalves (photo), was the last firm standing following a lengthy selection process that initially involved 40 managers, which was itself followed by a qualitative analysis with six finalists.
Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation
August 6, 2015 by
The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.
Gávea founders reach deal to buy back Brazilian firm from JP Morgan
August 6, 2015 by
Gávea will keep its hedge funds and private-equity funds, which are the firm’s core businesses. Equity funds and real-estate funds will likely stay with JP Morgan, which operates as a local asset manager in Brazil.
Fóndika AUMs grow 16.2% with purchase of Zurich platform
August 6, 2015 by
While Fóndika currently distributes the local and international funds of 10 managers, CEO Juan Carlos Pelayo noted that new regulations will allow the platform to commercialize any publicly offered Mexican funds it finds interesting.
Banchile likely to absorb Penta fund lineup if merger goes through
July 9, 2015 by
Local analysts believe that the mutual funds of Penta would be rapidly absorbed by the funds of Banchile. However, doubts abound regarding the merger of the two firms' closed-end funds.
