Demand for cross-border oriented funds recovered in the third quarter

Fixed income strategies attracted greater attention from institutional investors. Regulatory changes in the taxation of funds can boost greater demand from high-net wealth clients in allocating their resources internationally, said Fernando Cavallete, portfolio specialist at Itaú Asset.

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Itaú expands third-party offering with Principal retirement products

LifeTime fund line will be offered to the bank's customers for voluntary pension savings.

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Itaú puts Goldman brand name on in-house feeder fund

The Goldman Sachs Global Millennials USD Selection Ações feeder fund will be available through Itaú’s fund of funds platform and is aimed at qualified local investors.

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AllianceBernstein taps seasoned pro Bruno Stein to lead its Brazil expansion

In his few short weeks with AB, Stein, formerly with BlackRock and Itaú, has been taken aback by the sudden interest in global exposure among Brazilian investors.

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Itaú AGF sees opportunities to manage savings withdrawn from AFPs

Among other things, a pioneering initiative between Itaú and Door Dash clone Rappi aims to make new, nimbler digital financial solutions more widely available in Chile.

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Itaú gets shareholder nod for XP spinoff, awaits Fed approval

Itaú will retain a roughly 5% stake in XP following the spinoff, although the bank has signaled it may sell that remaining stake to monetize part of its investment.

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Brazilian government fixed-income ETF to be launched by Itaú

“We believe that this product has a competitive price and can be accessed by individual and institutional investors,” said Itau's Marcelo Fatio. An IPO of at least BRL 300 million is expected in mid-2019.

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Colombia’s Davivienda hires Itaú selector to run its international investment area

Corredores Davivienda, a Colombian brokerage firm, has hired ex-Itaú senior fixed-income fund selector Lucas Toro Duque as its head of international investments.

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Itaú digs claws into Brazilian “un-bank” XP Investimentos, buying 49.9% for USD 2 billion

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.

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Itau names Constantini as US CEO and head of Northern Hemisphere wealth biz

Carlos Constantini, who was named CEO of the US unit, will be based in Miami, home to Itau's private-banking operation for Latin American clients. He will take charge of Northern Hemisphere wealth-management, including the Zurich business.

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