XP Securities has opened a Miami branch at 701 Brickell Ave. with about 15 employees relocated from its New York office. It plans to employ 100 people in Miami in about a year, a news release said.
Chief economist at Chilean Central Bank jumps to BTG Pactual
The former director of research and chief economist at the Central Bank of Chile will oversee the Andean region for the Brazilian-based firm.
Santander sells off half of its Latin custody business
A group led by Warburg Pincus that includes the Singaporean Temasek will acquire a 50% stake in Santander’s custody business in Spain, Mexico and Brazil. The transaction is expected to close in the fourth quarter of 2014.
League Table – Assets Gathered by Cross-Border Fund Managers – Latin American Institutional Market – March 2014
Includes assets gathered by cross-border fund managers in the following markets: Chilean pension funds (AFPs), mutual funds (AGFs) and life insurers, Colombian pension funds (AFPs), Mexican pension funds (Afores) and mutual funds (OFIs) and Peruvian pension funds (AFPs). Period: Three months ending March 31, 2014.
Companies mentioned in this report: Aberdeen; Franklin Templeton; Schoders; Investec; Axa; Dimensional; Vanguard; pioneer, Fidelity; JP Morgan; Robeco; Invesco; BNP Paribas; Julius Baer; BlackRock; Deutsche; BNY Mellon AM; Goldman Sachs; Pictet; Votobel; Ashmore; PIMCO; Hederson; ING; Matthews; Bluebay; Allianz; Threadneedle; MFS; Aviva Investors; Morgan Stanley; AllianceBernstein; HSBC; Edmond de Rothschild; LarrainVial; M&G; Muzinich; F&C; UBS; BTG Pactual; Janus; GAM; GLG; Alfred Berg; Amundi; TIAA-CREF; Oppenheimer; Principal; CreditSuisse; SEB; EDM; BBH; Deka; Nomura.
MSCI launches suite of factor indexes for Latin America
MSCI launched the new factor indexes to meet increased demand for indexes generally in Latin America, and also to address the global trend toward factor investing, said Diana Tidd (photo), managing director.
Deborah Hazell named new Latam chief at HSBC Global Asset Mgt.
Hazell (photo) will oversee HSBC Global Asset Management's operations in Brazil, Mexico and Argentina, in addition to the USA and Canada.
Santiago Zarauza is the new head of Latam distribution at HMC Capital
Zarauza joins the firm, which has raised close to USD 1 billion in Chile for global managers, after a successful period with JP Morgan Funds.
Joel Peña jumps from PIMCO to Robeco
Peña assumes as managing director for Latin America and US Offshore, with the mandate to position Robeco among the top asset managers in the Latin America market.
League Table – Assets Gathered by Latin American Pension Fund Managers – March 2014
This league table provides a ranking of Latin American Pension Fund Managers, domiciled in Chile, Colombia, Costa Rica, Dominican Republic, Mexico, Peru and Uruguay by AUM. It also includes annual growth/loss and percentage change. Data as of March 31, 2014.
Companies mentioned in this report: Sura; Metlife; Principal; Habitat; Banorte; Grupo Aval; Banamex; Scotiabank; Profuturo GNP; BCP; Invercap; PensionISSSTE; Inbursa; Coppel; Banco República; Planvital; Skandia; BPDC; Modelo; Itaú Unibanco; Banco Popular; Banco Azteca; Banco Nacional; BCR; BHD; Bandes; Vida Plena; BanReservas; BAC; CCSS-OPC; Banco General; BanVivienda; Romana.
F&C Asset Management now in hands of Bank of Montreal fund unit
According to Latin Asset Management, F&C had USD 246 million in assets under management from Chilean institutional investors (mostly AFPs and mutual fund managers) at the end of March 2014.