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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Guida returns to Chile to assist in Corpbanca-Itaú asset manager merger

"I returned to the country as CEO of Itaú Chile AGF to take over this business and contribute directly to the merger process" of Itaú and Corpbanca, Wagner Guida told Fund Pro Latin America.

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Money managers could benefit from latest Brazilian repatriation law

“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.

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Stein resurfaces at Itaú Unibanco

Bruno Stein will be responsible for the commercial areas of the giant bank's retail and high-net-worth (wealth management) segments. He left BlackRock in March 2016 after nearly six years in a pioneering role for the company.

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Itaú has pole position for acquisition of Citi’s Brazilian retail banking operation

Itaú has reportedly outbid Banco Santander in initial offers presented to Citigroup. The Spanish bank is exclusively negotiating on Citi's Argentine operation while Scotiabank is in talks for its Colombian holdings.

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Itaú names Safra fund manager as global CIO for private banking area

Nicholas McCarthy will be based in Sao Paulo and oversee strategy for asset allocation and the investment-advisory business for wealthy Latin American individuals.

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Itaú selects Charles Ferraz as head of US-based asset manager

The US-based unit oversees investments in Latin American equities, US debt and funds of funds for Itaú's Brazilian-based and global clients.

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