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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Itaú has pole position for acquisition of Citi’s Brazilian retail banking operation

Itaú has reportedly outbid Banco Santander in initial offers presented to Citigroup. The Spanish bank is exclusively negotiating on Citi's Argentine operation while Scotiabank is in talks for its Colombian holdings.

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UniCredit and Santander terminate talks to merge asset managers

The planned tie-up using the UniCredit's Pioneer Investments trademark had created uncertainty in Latin America, given Santander's strong brand recognition in Brazil, Mexico, Argentina and Chile.

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Santander Asset Management will be known as Pioneer Investments after pending merger

Of interest to market observers is how Santander Asset Management's Latin American fund operations will be impacted, considering that these units are attached at the hip to their related retail banking operations, on which the asset manager depends for distribution.

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Unicredit considers sale of Pioneer Investments to Santander

The potential deal would see Santander Asset Management and Pioneer Investments merged into an entity which would have around USD 440 billion in assets under management.

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Santander said to scoop up BNP’s Miami-based wealth unit

In a move sure to further boltster its standing as a major player in the Latin American wealth-management segment, Banco Santander is said to have purchased the USD 3 billion Miami private-banking portfolio of BNP Paribas.

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