Argentina and Mexico are the markets Itaú is considering for expansion, according to Ricardo Villela Marino, executive vice president and board member of the Brazilian behemoth.
Report: Latam Offshore market strengthens while US Offshore increasingly Miami-centric
January 21, 2016 by
“According to our estimates, the overall size of the three asset-gathering segments stands at USD 105 billion, with the US offshore segment accounting for more than half of the total at USD 56 billion,” said Thomas Ciampi, founder and director of Latin Asset Management.
Tax holiday on wealthy Chileans could alter local private-banking landscape
December 7, 2015 by
Repatriation or sunlighting of undeclared overseas assets could generate new flows to local private banks and wealth managers.
BTG Pactual sets sights on local asset management in Mexico
November 4, 2015 by
The firm, which has focused mostly on brokerage since its arrival in March of 2014, will expand its operations in Mexico to private banking and fund management, under the direction of Guillermo Ortiz Martínez, ex-governor of the Bank of Mexico.
Brazilian platforms add cross-border funds in wake of rule changes, difficult economy
September 30, 2015 by
Gustavo Pires, commercial manager at fund platform XP, estimated that, with new rules lowering the minimum investment on global funds, the potential audience for global feeder funds is likely to expand 50-fold in Brazil.
Morgan Stanley’s Latam wealth clients now need minimum of USD 500,000
August 22, 2015 by
Morgan said that clients with less than the USD 500,000 minimum will be serviced through an international call center, beginning in January 2016.
Quilvest latest entrant into booming Chilean multi-family office business
August 16, 2015 by
The global firm hired two former Credit Suisse executives, Javier Mendicute and Andrea Cuomo, to launch the new venture in Chile.
Morgan Stanley hires ex-RBC director to run its Coral Gables office
August 16, 2015 by
Seigal was hired to help grow the group's offshore platform and is taking over from José Salazar. He will work alongside Kevin McCarty, Morgan Stanley's Miami complex manager.
Merrill sets USD 2.5 million as minimum for new Latin accounts
August 16, 2015 by
Investors residing in some countries - including Venezuela and Argentina - will need to have at least USD 5 million to open an account.
Goldman Sachs looks for growth in private-client segment in Chile
August 6, 2015 by
The manager is expected to close distribution agreements with a handful of local private banks by the end of the year.
