The planned tie-up using the UniCredit's Pioneer Investments trademark had created uncertainty in Latin America, given Santander's strong brand recognition in Brazil, Mexico, Argentina and Chile.
Brazil agency clears way for Bradesco’s takeover of HSBC
June 23, 2016 by
An OK from Brazil's Administrative Council for Economic Defense has cleared the way for Banco Bradesco to complete its takeover of HSBC in the country, with the firms setting a final transaction date of early July.
Allianz completes acquisition of Rogge Global Partners
June 8, 2016 by
Consistent with AllianzGI’s previous integrations, the distinct dynamics and processes of Rogge's 30-year-old investment philosophy will be maintained within AllianzGI’s global investment platform.
Hartford Funds partners with Schroders to expand investment platform
June 7, 2016 by
“This relationship will allow us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future,” said Jim Davey, president of Hartford Funds.
JP Morgan AM takes minority stake in ETF provider Global X
May 2, 2016 by
"Investing in Global X augments our ETF strategy by expanding and deepening our participation in this fast-growing industry," said Jed Laskowitz, co-head of global investment management solutions for JP Morgan Asset Management.
General Atlantic to increase stake in Brazil’s XP Investimentos to 49%
April 22, 2016 by
The brokerage firm and fund distributor is growing not only in Brazil but also in the US, where it will probably double headcount this year to about 90 people, with half in Miami and the other half in New York, says CEO Guilherme Benchimol.
Brazil’s Itaú eyes Citigroup’s Latin American operations
April 15, 2016 by
An acquisition of Citi's chain of banks in Latin America would help Itaú reduce its dependence on Brazil, acknowledged the firm's Ricardo Villela Marino, head of Latam operations.
Old Mutual sells fixed-income group Rogge to Allianz Global Investors
February 9, 2016 by
The transaction would strengthen the fixed-income business of Allianz Global Investors, while giving Rogge Global Partners larger distribution of its products. The transaction, which involved an undisclosed sum, is expected to complete in the second quarter of 2016.
Itaú shopping for private-banking operations in Argentina and Mexico
January 28, 2016 by
Argentina and Mexico are the markets Itaú is considering for expansion, according to Ricardo Villela Marino, executive vice president and board member of the Brazilian behemoth.
Bradesco ponies up USD 5.2 billion for HSBC’s Brazilian operation
August 6, 2015 by
The deal includes HSBC's local fund management operation, worth USD 26 billion, helping Bradesco surpass Itaú in the Brazilian asset manager ranking.
