Swiss banks including Julius Baer Group and Credit Suisse Group are already well-positioned in Brazil and are wagering on continued expansion of the private-banking industry.
Lombard partners with Akaan to package solutions for Mexican HNWIs
June 5, 2017 by
Based in Mexico City, the new company will create and distribute wealth-structuring solutions using unit-linked life assurance to HNW individuals and families in Mexico, as well as Mexicans residing outside the country.
Bradesco targets Brazilian riches abroad
May 1, 2017 by
Banco Bradesco, Brazil’s second-largest bank by market value, said it will join rivals Banco Itau, BTG Pactual and XP Investimentos and open an office in Miami in July 2017.
Merrill Lynch trims divisions in executive shakeup
April 9, 2017 by
Don Plaus will lead Merrill Lynch's elite Private Banking & Investment Group, which caters to wealthy clients. He'll also oversee the firm's international business, according to news site On Wall Street.
Actinver Securities opens office in South Florida to tap Latin American market
March 24, 2017 by
Veteran wealth manager Rafael Madan, formerly of Espirito Santo Bank and Wells Fargo Advisors, will manage the new office as executive vice president and branch manager. Mexican-owned Actinver already has US offices in Houston and San Antonio.
UBS names Velez head of Latin America wealth management
March 8, 2017 by
The Swiss bank said Velez would take on the role in addition to his current responsibilities as head of global ultra-high net-worth Latin America, effective immediately.
Merger consolidates two broker-dealer networks with deep ties to Latin America
February 7, 2017 by
Pending regulatory approval, Northeast Securities' international business operation will merge with Global Investor Services, creating a network with more than USD 8 billion in customer assets.
Andbank considers expansion into Argentina
February 7, 2017 by
Private-banking services for Argentines have largely been relegated to Uruguay since the early 2000s, when Argentina defaulted on its debt and the banking system collapsed.
UBS report reveals soaring investor optimism overall in early 2017
February 7, 2017 by
"Investors are more willing to move cash off the sidelines and increase investments, while business owners are set to increase capital spending and hiring," said Paula Polito, client strategy officer of UBS Wealth Management Americas.
Northern Trust strengthens South Florida wealth management team
January 25, 2017 by
Northern Trust has promoted Rick Fernandez to managing director of one of its Miami wealth advisory teams, and has hired Xavier Martinez as senior portfolio manager within that team.
