All articles by Ivan Castano

Ivan Castano

Chile’s wealth management market extends boom

Chile’s wealth management market is experiencing substantial growth with its population of around 40,000 Millionaries set to grow substantially in the coming years off the back of a 7-8% growth rate. Ivan Castano finds that while promise abounds, the locally based market is tough going for foreign firms.

Bankers eye ‘overlooked’ LatAm markets

Brazil, Mexico and Argentina continue to be Latin Americas private banking powerbases but countries such as Chile and Columbia are growing fast Ivan Castano finds out why local banks are rapidly expanding their services at a time when many foreign banks are careful considering, or even closing, their Americas arms. Not too long ago, wealth management bankers were unwilling to touch some of Latin America’s more impoverished and politically volatile markets, fearing that chasing wealthy clients in them would bring more losses than profits.