Cárcamo's mission will be to expand on Excel Capital's efforts to reach institutional clients, both in the area of traditional mutual funds as well as in alternatives.
Max Pinto takes reins of Allfunds in Chile
Pinto, a veteran in the Chilean market in fund sales and distribution, replaces Allfunds' Carlos Stozitzky, who has been charged with opening the firm's Colombian office
Santiago Arias assumes control of institutional distribution at HMC Capital
Santiago Arias will lead the business of fund distribution that HMC has built over the last three years, particularly in the area of private equity, a strong suit for the ex-PineBridge Investments manager.
Esteves arrest could be final nail in coffin of BTG’s Chilean fund distribution business
BTG, already faced with the desertion of three international fund managers over the span of a year, as well as two key executives, will now face scrutiny from its remaining global clients over the corruption-related arrest of its CEO in Brazil.
Mexican Finance Ministry goes all in on open architecture for mutual funds
The Finance Ministry unveiled an open-architecture scheme that would prevent mutual fund managers from working exclusively with only one mutual fund distribution company or entity (usually the bank that owns them), and ensure that any distributor willing to offer a manager's fund should be allowed to do so.
MFS hires proprietary sales head in Chile to develop business beyond AFPs
Fuenzalida's major focus will be on developing and expanding MFS's business in the retail segment of that country, namely locally-owned private banks, local brokerage houses and advisories, funds of funds, family offices, multi-family offices and insurance companies.
MFS chooses Picton as distributor to win back institutional market
The financial advisory firm Picton became the new distributor, for the Chilean and Peruvian institutional market, of the mutual funds of the asset management firm MFS, which previously had the same type of agreement with LarrainVial. With this move, Picton has added a second foreign manager to its institutional distribution area which began with the...