Advisors could do much more to help wealthy Latin Americans understand more about cross-border funds and foreign exchange risk, according to a Morgan Stanley study. The report sees an opportunity for entrepreneurial advisors willing to service this market.
Panama finally removed from watch list of the Financial Action Task Force
March 17, 2016 by
The Central American nation was placed on the list in June 2014 after the IMF deemed there were significant flaws in its anti-money laundering policies.
Old Mutual may put Mexican and Colombian retirement operations on the block
March 7, 2016 by
Old Mutual is said to be considering selling or spinning off its Latin American operations - including its retirement business in Mexico and AFP in Colombia - as part of a global restructuring.
Snowden Lane plucks two more Merrill advisors for budding NRC team
March 7, 2016 by
Snowden Lane Partners' non-resident-client business is staffed almost entirely by ex-Merrill Lynch personnel, as the latter firm has undergone a restructuring.
EFG snatches Swiss bank BSI from Brazil’s BTG Pactual
February 24, 2016 by
For BTG, the sale brings much-needed cash after the November arrest of founder André Esteves triggered massive client money outflows. BTG is left with just a 20% stake in the bank it bought just five months ago.
Itaú shopping for private-banking operations in Argentina and Mexico
January 28, 2016 by
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.
