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.

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Roger Mogrovejo named to dual CIO role

Roger Mogrovejo has assumed CIO responsibilities at affiliated insurance companies Chilena Consolidada and Zurich-Santander.

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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.

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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.

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With hire of Felipe Cárcamo, BTG Pactual looks to rejoin third-party fund distribution fray

BTG Pactual, whose third-party-fund distribution business disintegrated in late 2015 following the departure of key executives, appears to be making another go of it.

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Allfunds platform now includes exchange-traded funds of multiple firms

Beginning June 1, clients of the AllFunds platform could purchase not just cross-border mutual funds but also ETFs from iShares, Lyxor, Source and Deutsche.

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Santander, Intesa Sanpaolo to sell Allfunds Bank in USD 1.9 billion deal

"Our role as an investor, together with our partner GIC, will be to support the Allfunds team in accelerating growth, both organically and through select M&A," said Zita Saurel, managing director at PE fund Hellman & Friedman.

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Santander AM turns page in wake of Unicredit/Pioneer non-deal

After the failed merger operation with Pioneer Investments, the Chilean unit of Santander Asset Management is now working on reinforcing its investment team, starting with the entry of Héctor Godoy as head of equity.

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Chilean AFPs suffering small-scale exodus of talent

Jorge Valencia left AFP Habitat to join Banco Santander as head of global markets. AFPs are finding it difficult to retain executives as salaries tend to pale vs. those offered in the local asset-management market.

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