Scotiabank property to take over Citi’s retail banking network in Colombia

Acquisition of Citi's 47 branches and 424 self-service access points across Colombia fits with Scotiabank's strategy to increase scale in Pacific Alliance economies of Colombia, Mexico, Chile and Peru," said the firm's Nacho Deschamps,

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Scotiabank agrees to buy BBVA’s stake in BBVA Chile

Scotiabank CEO Brian Porter has said that the potential acquisition of BBVA’s retail business in Chile was a “once-in-a-lifetime opportunity.”

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New CEO named at AFP Colfondos

Alain Foucrier Viana was named head of the Colombian pension fund Colfondos, replacing Alcides Vargas Manotas.

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Scotia-controlled AFP in Colombia names new CIO

Colombian AFP Colfondos has named Andrés Lozano as its new chief investment officer, replacing Mateo Ossa.

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Scotia Wealth one of Mexico’s biggest promoters of third-party distribution

With its new brand Scotia Wealth Management, the Canadian firm manages (USD 9 billion) in Mexico, of which 7% is invested in third-party funds such as Compass Group and Black Rock.

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Scotia enlists BlackRock as subadvisor of global FX fund in Mexico

Ernesto Diez, CEO of Scotia Fondos, said the Canadian firm's strategy is to offer clients integrated solutions so they can adequately diversify their investments, either working with in-house managers or third parties.

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Scotiabank to acquire Citibank’s retail and commercial banking operations in Peru

"This acquisition is in line with our strategy to increase our scale within the Peruvian banking sector, as well as the other Pacific Alliance economies of Mexico, Colombia and Chile," said Dieter Jentsch, group head of international banking at Scotiabank.

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Enrique Zorrilla Fullaondo is the new president of Scotiabank Mexico

The appointment was made on October 24 at a meeting of the board of directors of Scotiabank Mexico, which also proposed Guillermo Babatz Torres (ex-head of the Mexican Securities and Banking Commission, or CNBV), to replace James Meek as chairman of the board, subject to approval by shareholders.

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Scotiabank adds ex-Mexican regulator Babatz to its board of directors

Scotia is on the few multinational firms to have made significant investments in the Latin American pension and asset-management space in recent years. It is now well positioned in the Mexican, Colombian and Peruvian pension fund markets, and has a significant banking presence in Chile and Mexico.

BBVA sells peruvian pension unit

The bank is selling for USD516 million its pension unit in Peru to two separate pension firms, one controlled by Colombian financial conglomerate Grupo Sura and the other by Canada's Bank of Nova Scotia.

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