The executive will take over management of the State Street office in Chile. The US firm maintains its distribution agreement with Credicorp.
Alberto Menéndez leaves institutional distribution at Credicorp to join State Street
State Street to acquire Brown Brothers Harriman Investor Services
The acquisition will advance State Street’s strategy as an enterprise outsource solutions provider, strengthening competitive positioning, expanding geographic coverage and enhancing client experience.
Survey: Most institutions pleased with managers’ stepped-up communication during crisis
State Street's John Lehner sees "an opportunity for asset managers to provide more strategic views and forecasts through technology, such as podcasts, webinars and video conference calls.”
Colombian AFPs post broad retreat from global equities
Colombian AFPs pulled away from cross-border funds and ETFs in May, yanking USD 1.2 billion mostly from equity funds as global markets reeled amid trade tensions.
Colombian AFPs sold equity funds and ETFs in February, despite rally in global stocks
The AFPs finished February with USD 16.6 billion invested in cross-border funds and ETFs, 95% of which was in equities. Many had adopted a wait-and-see posture, or were selling into rallies.
Colombian AFPs go yet longer on emerging-markets equities
The AFPs finished April with USD 17.8 billion invested in cross-border funds and ETFs, almost all of which was in equities, after having yanked USD 597 million in the first quarter.
Colombian AFPs favor emerging-markets equities in choppy market
Led by iShares MSCI Emerging Markets ETF, the emerging-markets-equity category attracted USD 140 million from AFPs in an otherwise poor December for cross-border firms.