The new wealth management office, headed by ex-Larrain executive Andrés Silva, will target clients with liquid net worth between USD 1 million and USD 50 million.
Four Mexican Afores are preparing international mandates
September 28, 2016 by
XXI Banorte is one of four Mexican Afores actively soliciting RFPs from global managers or planning to do so in the short term. Sergio Méndez, CIO of XXI Banorte, said the Afore will analyze proposals for Asian and US mandates in October, and fund them by the end of the year.
Afores boosted their private-equity exposure to 6% in 2015
March 7, 2016 by
During 2015 about USD 1 billion - through 19 issues - went to market, almost double the issues logged in the previous year. A local consulting firm says that there is another USD 1.9 billion dollars in the pipeline for upcoming CKDs.
Principal Chile explores shopping offshore fund to local and global investors
December 18, 2013 by
The vehicle is a Latin American equities fund domiciled in Dublin, which will be co-managed by the company’s teams in Brazil, Mexico and Chile, where each will contribute its view on the market and companies in its own country and areas of influence.
Principal buys stake in Claritas
March 23, 2012 by
As part of its long-term strategy to boost its presence in Brazil it will buy a 60% percent indirect ownership stake in the Brazilian mutual fund manager.
Sale of BBVA Bancomer pensions could bring new players into the sector
June 22, 2012 by
The Latin America region is perceived as strong and growing, and the sale of BBVA Bancomer could place a brand in four countries with one operation. For Luis Sayeg Seade of Banamex, it would be interesting to see a Mexican player come out to fight in the region.
