The deal includes all of HSBC Argentina’s business, which ranges from banking to asset management and insurance, as well as USD 100 million of subordinated debt.
Bci Asset Management adds HSBC funds to its offering
One hundred global mutual funds will be made available to private banks, stockbrokers, family offices and insurance companies throughout the region.
HSBC Mexico shoots for sophistication in drawing up affluent product offering
HSBC Mexico's Christian Lafiandra said staying in close contacts with clients helped boost the firm's AUMs during the pandemic.
In July, Chilean AFPs scooped up USD 362 million in equity funds
Baillie Gifford raised USD 482 million in July, the bulk of which - USD 237 million - went into the Baillie Gifford European-B Acc equity fund.
HSBC AM introduces novel global ETFs to Mexican market
HSBC's Olga de Tapia said the firm plans on hiring local talent and listing ESG fixed-income products as well as emerging Asia ETFs.
HSBC names Joe Abruzzo head of global private banking for the Americas
As HSBC’s chief private banking executive in the region, Abruzzo will oversee efforts to advance client service offerings and achieve sustainable growth for the business.
HSBC Private Bank appoints US head of investment services and product solutions
Russell Schofield-Bezer will be responsible for the development and delivery of investment services and offerings to clients, the performance of discretionary and advisory mandates in the region, and the development of new initiatives and product ideas for local distribution.
HSBC launches European equity FOF to institutional and affluent investors
HSBC Brazil currently has USD 291 million in AUM in its family of funds of international funds. These AUMs will be transferred to Bradesco pending a successful completion of Bradesco's acquisition of HSBC in Brazil.
Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation
The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.
CCR takes no action on HSBC funds in recent meeting
The CCR generally takes into consideration the potential for heightened "reputational risk" of an approved fund sponsor, which could impact system returns or negatively influence Chileans' perceptions of the pension system itself.