Seguros Sura Peru will be absorbed by Intercorp’s insurance company Interseguro to make the latter one of the largest Peruvian insurance companies in terms of assets
Sura to abandon Peruvian insurance and mortgage market to further develop AFP and wealth biz
June 12, 2017 by
One of Brazil’s last large, independent multi-family offices scooped up by UBS
June 5, 2017 by
Swiss banks including Julius Baer Group and Credit Suisse Group are already well-positioned in Brazil and are wagering on continued expansion of the private-banking industry.
Lombard partners with Akaan to package solutions for Mexican HNWIs
June 5, 2017 by
Based in Mexico City, the new company will create and distribute wealth-structuring solutions using unit-linked life assurance to HNW individuals and families in Mexico, as well as Mexicans residing outside the country.
Itaú digs claws into Brazilian “un-bank” XP Investimentos, buying 49.9% for USD 2 billion
May 12, 2017 by
The online broker has amassed 410,000 end clients via a network of 2,000 independent agents, and has tried to appeal to investors seeking an alternative to banks. XP has become an important channel for independent asset managers, who are unable to get onto the platforms of large banking entities.
Santander, Intesa Sanpaolo to sell Allfunds Bank in USD 1.9 billion deal
March 7, 2017 by
"Our role as an investor, together with our partner GIC, will be to support the Allfunds team in accelerating growth, both organically and through select M&A," said Zita Saurel, managing director at PE fund Hellman & Friedman.
Aberdeen to be acquired by Standard Life in USD 4.7 billion stock deal
March 6, 2017 by
The deal, which will create a USD 800+ billion asset manager, is the latest move by the active management industry to combat a tide of investors shifting money to low-cost, passive funds.
Cullen is first global firm to sign on with Becon Investment
February 15, 2017 by
On March 15, Jeff Cullen, managing director of Cullen, is slated to speak at a Becon-sponsored event for local advisors in Montevideo, Uruguay.
Merger consolidates two broker-dealer networks with deep ties to Latin America
February 7, 2017 by
Pending regulatory approval, Northeast Securities' international business operation will merge with Global Investor Services, creating a network with more than USD 8 billion in customer assets.
Pioneer Investments to be purchased by Amundi for USD 4.1 billion
December 13, 2016 by
With over EUR 1 trillion in assets, Amundi is ranked the world’s 12th-largest asset manager. The Pioneer deal would turn it into the world’s eighth-largest asset manager, according to main shareholder Credit Agricole SA of France, handling EUR 1.3 trillion in assets.
Deutsche sells Mexican banking and brokerage business to InvestaBank
November 14, 2016 by
InvestaBank would gain control of Deutsche's lucrative depository-receipt business in Mexico, which has profited from sales of foreign securities (including ETFs) on the Mexican Stock Exchange.
