"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.
Actinver CEO: “The investment sector is in the throes of a massive transformation”
Actinver is combining ease of entry, education and product diversification to prepare for a post-Covid world, says CEO Hector Madero.
ESG funds in Mexico present an opportunity for international asset managers
Santander CEO Jesús Mendoza del Río wants to list a global equities version of Mexico's premier ESG fund, a local equity product which launched last summer.
Santander PB to acquire USD 4.3b Miami wealth biz of Indosuez
"We want to keep growing our business – especially in geographies where we see major commercial potential like the US," said Santander's Víctor Matarranz.
Global managers gain access to Latam markets via new Santander FOF launches
The Spanish firm is launching UCITS FoFs with Amundi, Morgan Stanley, Robeco, JPMorgan and PIMCO. The products will be distributed in Latin America either directly or via locally domiciled feeders.
Santander is negotiating new partnerships to offer offshore fund of funds
Rudolf Gschliffner, product manager at Santander in Brazil, said the firm plans to launch at least one fund of funds this year, a total-return fund that would provide some diversity to the current offering.
Roger Mogrovejo named to dual CIO role
Roger Mogrovejo has assumed CIO responsibilities at affiliated insurance companies Chilena Consolidada and Zurich-Santander.
Santander adds global and Latam-oriented funds to Brazilian onshore platform
The firm has raised roughly USD 150 million in the short time the funds are active in Brazil,” said Santander’s Rudolf Gschliffner. Lower interest rates and the search for diversification have made international investments relevant among Brazilians clients.
BCI boosts US presence with USD 528 million purchase of TotalBank
BCI owns City National Bank of Florida and had been in talks with TotalBank’s former owner Banco Popular before it was acquired by Santander, which is commandeered by Jose Antonio Alvarez.
Santander to assume management of JP Morgan’s Brazilian-risk funds
With the deal, Santander could add over USD 5 billion to its USD 80.5 billion in AUMs in Brazil. Santander already has more than 1 million local investors in its Brazilian-domiciled funds.