Santander to buy BNP Paribas Mexico asset management business

"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.

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Capital repatriation sparks growth in Mexican fund business

Repatriation of some MXP 100 billion, driven by the government decree that offers tax incentives on return of undeclared capital, has benefited mutual fund operators, says Principal's Luis Lozano.

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