Amundi CEO, Yves Perrier, said: “The acquisition of Pioneer is a major step in the implementation of Amundi's strategy. It enables us to consolidate our position as European leader while enhancing the range of products and services offered to our clients."
Pioneer snatches USD 150 million Asian mandate from XXI Banorte
The efforts of Pioneer's Gustavo Lozano in Mexico have helped land Pioneer two mandates (already funded) with Afore Banamex (European and Asian equity) and a third (not yet funded) with Afore Sura (global equity).
Pioneer adds Trilli to US-based offshore distribution team
Michelle Trilli will be responsible for managing the sales and distribution activity of the international business in the Northeast region of the US.
Afore Banamex disburses USD 820 million to three global firms
With the latest disbursement, Banamex has announced mandates of USD 3.2 billion, of which it has already allocated USD 2.1 billion, according to figures maintained by Latin Asset Management.
Consar greenlights funding of USD 400 million Banamex mandate with Pioneer
The president of the Consar, Carlos Ramírez Fuentes (photo), told Fund Pro Latin America that the agency believes mandates are quite important vehicles at the disposal of Afores, but acknowledged that the approval processes need to be sped up.
As assets swell, global managers may reconsider Chilean distribution strategies
After reaching a certain level of sales, some foreign firms have recognized the need to formalize their local presence. But many still remain faithful to multi-brand distribution. This article takes a fresh look at the pros and cons of the schemes currently in place in Chile.
Another mandate from Banamex, this time for USD 1 billion
As the size of pension-fund mandates grows and the pace of announcements picks up, Mexico is quickly garnering the attention of global asset managers looking for the next-best market after Chile. Banamex said it would spread this latest mandate among five distinct global players - all of which have boots on the ground in the country.
The process of setting up a mandate will be more flexible
Consar President Carlos Ramírez said that in the future not only will it take less time to set up new mandates, but there will be more interest in using them from other Afores. No progress on mutual funds.
BBVA Bancomer and Pioneer Investment join forces in Nasdaq equity fund
Pioneer will advise BBVA Bancomer on managing the BBVANDQ fund, targeted at clients of investment and private banking, whose objective is to generate differential returns on the benchmark index through active management.
Afore Sura mandate is for global equity
Emilio Bertrán, director of portfolios and mandate development manager, expects the mandate for a total of USD700 million to be funded in six or seven months.