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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BBVA Bancomer, Morgan Stanley team to launch global multi-strategy fund in Mexico

The new vehicle joins six other international funds on the platform of BBVA Bancomer, which has already signed subadvisory deals with global firms BlackRock, Franklin Templeton and Pioneer Investments.

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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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