BBVA Global Wealth Advisors joins the international wealth management service that BBVA already offers in Switzerland and Spain.
Tracking the Activities of Global Asset Managers in Latin America
BBVA Global Wealth Advisors joins the international wealth management service that BBVA already offers in Switzerland and Spain.
"At the individual level alone, savings of around USD 8 billion have left Peru,” Roberto Montero, manager of BanBif's wealth banking division, told Fund Pro Latin America.
Upon completion of the announced sale, Citi would be absent from the Latam offshore market, while maintaining an important presence in Miami.
Two years after its creation, the firm already has 80 independent financial advisors as associates and has closed agreements with some 20 local fund providers.
Multi-family offices and the HNW segments of local banks have followed large family offices in moving wealth outside the country, advisors told Fund Pro Latin America.
Young but ambitious, the 50+ family offices operating in Mexico are stocked with alternatives. Investments in general are divided 50-50 between local and international, says Amexcap's Jaime García.
Renta4, a subsidiary of the Spanish bank of the same name, has begun to diversify its business model, adding fixed-income and high-net-worth services and a third-party fund platform to its equity-brokerage business.
Vontobel is seeking to hire bankers with Mexican client books for its Zurich office by year-end, according to published reports. But it has not ruled out opening a rep office in Mexico.
Value Advice's Rodrigo González says the firm targets affluent investors that are not receiving the level of service they deserve.
With the idea of competing in the high-net-worth and private-banking segments, Grupo Sura is now seeking an agreement with a local brokerage firm, Pablo Sprenger, Sura's country CEO, said.
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