"Without a global standard for privacy protection in a progressively digital world, it is becoming increasingly complex for our clients to safeguard the privacy of wealthy families," says Citi's Edward Marshall.
Andbank bids to be among Argentina’s first licensed global investment advisers
January 9, 2018 by
Andorran private bank Andbank, already active in Mexico and Brazil, wants to be operational in Argentina in the first half of 2018, said Carlos Moreno, the firm's head of the Americas.
New advisory designation marks resumption of private-banking activity in Argentina
September 28, 2017 by
While local companies can fit into this category, it is expected that foreign banks that left the country due to lack of legal protections will try to make landfall again in Buenos Aires. To do this they will have to open offices in the country and register as an AAGI.
HSBC channels Andean and Central American wealth clients to UBS
September 17, 2017 by
As part of a streamling, HSBC’s Peter Boyles announced that the bank expects up to 40 employees to be offered positions at UBS. Clients will be referred to UBS’s Wealth Management Americas division.
BNP Paribas Brazil makes string of hirings to beef up wealth team
July 19, 2017 by
Rogerio Santos, who has passed through HSBC, Votorantim, BankBoston and Cititbank, was named BNP's commercial superintendent for wealth management. Five other hires were made to beef up the wealth management area.
HSBC names Joe Abruzzo head of global private banking for the Americas
May 12, 2017 by
As HSBC’s chief private banking executive in the region, Abruzzo will oversee efforts to advance client service offerings and achieve sustainable growth for the business.
Bradesco targets Brazilian riches abroad
May 1, 2017 by
Banco Bradesco, Brazil’s second-largest bank by market value, said it will join rivals Banco Itau, BTG Pactual and XP Investimentos and open an office in Miami in July 2017.
Andbank considers expansion into Argentina
February 7, 2017 by
Private-banking services for Argentines have largely been relegated to Uruguay since the early 2000s, when Argentina defaulted on its debt and the banking system collapsed.
Itau names Constantini as US CEO and head of Northern Hemisphere wealth biz
January 9, 2017 by
Carlos Constantini, who was named CEO of the US unit, will be based in Miami, home to Itau's private-banking operation for Latin American clients. He will take charge of Northern Hemisphere wealth-management, including the Zurich business.
Money managers could benefit from latest Brazilian repatriation law
December 19, 2016 by
“A relevant horizon of about BRL 150 billion (USD 40 billion) of "new" resources to be administered onshore and offshore has been opened," said Itau Private Bank's Gustavo Tavares.
