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.
Tracking the Activities of Global Asset Managers in Latin America
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.
“Investo's track record of innovation in the ETF space aligns perfectly with VanEck's vision for growth in Latin America. We are excited to contribute our global resources and investment expertise to support Investo's strategic goals for the Brazilian market”, said Jan van Eck, CEO of VanEck,
The combined assets under management of both mutual fund managers is close to CLP 6.0 trillion (USD 6.5 billion).
With this strategic move, Vinci will expand its geographic footprint across eight countries, establishing a leading pan-regional platform with over USD 50 billion in assets under management.
The over USD 150 billion combined business will seek to deliver clients market-leading, holistic infrastructure expertise across equity, debt and solutions at substantial scale.
“With complementary capabilities and a track record of strong investment performance, Putnam expands our ability to offer more choice to more clients,” said Jenny Johnson, President and CEO of Franklin Templeton.
"Wealth management and insurance is one of the fastest-growing global businesses for the group, and Mexico is one of our main markets," said Victor Matarranz, Santander's global head of wealth management and insurance.
Franklin's alternative credit specialist, Benefit Street Partners, will expand its capabilities and presence in Europe, doubling its assets under management to USD 77 billion globally.
The companies share a common goal of exceeding clients’ expectations and democratizing access to high quality and low-cost financial products and services.
“This acquisition will position us to capitalize on the highly sought after secondary private equity market," said Jenny Johnson, president and CEO of Franklin Templeton.
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