View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
  2. Company news
November 20, 2014updated 04 Apr 2017 1:52pm

Old Mutual Global Investors signs distribution agreement with AIVA

Old Mutual Global Investors has inked a distribution agreement with Uruguay-based AIVA to broaden the availability of its fund range in the US and Latin American offshore market.

By Verdict Staff

Old Mutual Global Investors has inked a distribution agreement with Uruguay-based AIVA to broaden the availability of its fund range in the US and Latin American offshore market.

AIVA has been offering saving solutions and long-term investments to clients in Latin America from the last 16 years and also provided administration services to Old Mutual.

Old Mutual bought a majority stake in AIVA in November 2012.

The agreement will enable Old Mutual to leverage the existing infrastructure and local marketing knowledge of AIVA to boost growth and asset base in the Latin American market.

Under the deal, Old Mutual will be serviced by three sales professionals- Veronica Rey, Santiago Sacias, and Andres Munho.

The trio will support Chris Stapleton, designated as the head of Americas offshore distribution.

Rey and Sacias will operate from Montevideo, with Rey responsible for delivering day-to-day field sales coverage in the cross-border investment hub in Uruguay, and a regular presence in Chile, Brazil and Argentina.

Sacias will serve as an investment analyst and broker desk consultant, and will support efforts of Rey and the wider team.

Andres Munho will initially operate via a satellite presence in Miami, Florida, US and will be based out of a local office in the financial district in Miami from next year.

Munho’s distribution coverage will include gateway offshore investment hubs in South Florida and Texas, and Northern Latin America including Mexico, Panama, Colombia, Peru and Venezuela.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International