The acquisition will advance State Street’s strategy as an enterprise outsource solutions provider, strengthening competitive positioning, expanding geographic coverage and enhancing client experience.
GBM lands investment from SoftBank to accelerate the democratization of investments in Mexico
GBM will keep investing in having the best product offering for our institutional and corporate clients, as well as building the best external advisor base in the country,” stated GBM's co-CEO Pedro de Garay Montero.
XP partners with Giant Steps, a leading Brazilian quant manager
XP sees a future for quantitative investing in Brazil, where systematic/quantitative strategies represent less than 2% of total AUM.
BTG Pactual scoops up Universa for USD 132 million
Universa Group is a diverse firm controlling Empiricus Research, Vitreo Holding, Money Times and Seu Dinheiro.
Amundi nears deal to buy rival Lyxor for EUR 825 million
Acquisition strengthens Paris-based asset manager’s position in fast-growing European ETF industry.
Azimut ups bets on Mexico with fund launches and acquisition
The firm announced plans to launch three global portfolios on Mexico's BIVA exchange and took a 51% stake in local asset manager KAAN Capital.
Santander PB to acquire USD 4.3b Miami wealth biz of Indosuez
"We want to keep growing our business – especially in geographies where we see major commercial potential like the US," said Santander's Víctor Matarranz.
Credit Suisse to take stake in Brazilian digital broker Modalmais
“This transaction further enhances our ability to serve our clients digitally while getting access to additional client segments in a fast growing environment,” said Credit Suisse's Philipp Wehle.
Habitat swarms Colombia with acquisition of Colfondos
The Chilean pension giant, which also has a small operation in Peru, is buying the USD 11.5 billion Colombian AFP from Scotiabank and Mercantil Colpatria.
BlackRock takes control of Citibanamex’s asset-management unit
Armando Senra, head of the Latin America & Iberia region for BlackRock, termed the transaction "transformative for BlackRock and the asset management industry in Mexico and the region."