Scotia Wealth in Mexico allocates USD 650 million to third parties

Open architecture allows newly branded Scotia Wealth Management to offer the best solutions to its affluent Mexican clients, said VP Jaime Montemayor.

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Scotia Wealth one of Mexico’s biggest promoters of third-party distribution

With its new brand Scotia Wealth Management, the Canadian firm manages (USD 9 billion) in Mexico, of which 7% is invested in third-party funds such as Compass Group and Black Rock.

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