Julius Baer boosts Brazilian wealth presence with Reliance acquisition

Julius Baer, which already purchased multi-family office GPS Investimentos in Brazil, has agreed to acquire 95% of Reliance Group, another large independent wealth firm.

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Andbank bids to be among Argentina’s first licensed global investment advisers

Andorran private bank Andbank, already active in Mexico and Brazil, wants to be operational in Argentina in the first half of 2018, said Carlos Moreno, the firm's head of the Americas.

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Headstrong millennials take financial planning into their own hands

“As we observe how Americans look at their financial future, younger generations continue to rewrite the rules for the rest of us,” said Aron Levine, head of Merrill Edge

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Principal Chile strengthens wealth business and offshore fund lineup

With Andrés Silva’s appointment as head of Wealth Management and the incorporation of a dozen UCITS funds to its local platform, Principal now covers the HNW segment, i.e. clients with financial assets of over USD 1 million.

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Carolina Montiel to head BNY Mellon’s family-wealth investment-advisor group

Based in Miami, Montiel will report to Ridge Powell, managing director and team leader of the advisory group, and will support the Florida region alongside Managing Director Ray Sidwell and the international team.

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UBS-PwC report: more billionaires in Asia than in US

"Networks are of increasing importance to billionaires," said UBS's John Mathews. "Based on the insights we have gathered over the years, we are able to offer them customized platforms to tap into."

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Transamerica joins forces with local Mexican manager Akaan

Akaan's chairman and founder, Fernando Quiroz, was formerly CEO and vice-chairman of Citigroup's Institutional Clients Group for Mexico and Latin America.

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New advisory designation marks resumption of private-banking activity in Argentina

While local companies can fit into this category, it is expected that foreign banks that left the country due to lack of legal protections will try to make landfall again in Buenos Aires. To do this they will have to open offices in the country and register as an AAGI.

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BNY Mellon Wealth appoints Alex Ramos as senior wealth director

Ramos will report to managing director Chris Griffin, and will be responsible for business development efforts in the company’s Greenwich office.

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World Wealth Report 2017: HNW population and wealth hits new high as ‘BigTech’ encroaches

More than half of HNWIs (56.2%) say they are open to using BigTech services for wealth management, expecting efficiency, transparency, innovation, and excellent online capabilities, the CapGemini report found.

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