Latin America News

Product snapshot: XP Investimentos debuts CS risk control thematic play

Latin America | Products

15 Jul 2020 by Martina Tsvetkova

The Brazilian structured products distributor is expanding its underlying offering with new thematic investments that go beyond the country’s borders.

Brazil’s XP debuts ‘stay-at-home’ play

Latin America | Products

25 Jun 2020 by Lavanya Nair & Pablo Conde

The bank continues to increase its market share as it expands its product offering with new thematic investments and pushes for a functioning secondary market.

Brazil’s XP gets new CEO, eyes ESG and automation

Latin America | Products

23 Jun 2020 by Lavanya Nair & Pablo Conde

Brazil’s financial services platform XP has announced the hiring of the ‘Best LGBT+ executive ally globally’ José Berenguer (pictured) to lead the expansion of the wholesale bank business.

Mexico Market Review, May 2020: on the road to recovery

Latin America | Market Reviews

23 Jun 2020 by Martina Tsvetkova

Four hundred and fifty-five products from six different distributors and with an aggregate sales volume of nearly MXN20 billion (US$905m) struck in Mexico in May.

Mexico Market Review, April 2020: Rates cut boost alternative investment demand

Latin America | Market Reviews

26 May 2020 by Martina Tsvetkova

Three hundred and fifty-seven products from five issuers and with combined sales of MXN17.3 billion (US$700 million) struck in Mexico in April (March 2020: MXN15.5 billion from 386 products).

Monex sales remain strong despite drop in issuance

Latin America | Products

20 May 2020 by Lavanya Nair & Pablo Conde

Mexican financial institution Monex remained the most prolific issuer in Mexico for the first quarter of 2020 despite a 25.6% drop in product issuance during the same period of last year.

BBVA issuance remains steady despite rocky Q1

Latin America | Products

18 May 2020 by Lavanya Nair & Pablo Conde

The Mexican subsidiary of Spanish financial institution BBVA announced a 48.3% drop in its net income totaling MXN6.44 billion (US$270m) for the first quarter of 2020 from the same period a year prior.

Santander Brasil champions through Q1

Latin America | Products

14 May 2020 by Lavanya Nair & Pablo Conde

Banco Santander subsidiary Santander Brasil sailed through the first quarter of 2020 with a considerable growth in net interest income totalling BRL$12.65 billion (US$2.14 billion), a 12.1% jump YoY and a 0.4% increase from the fourth quarter of 2019.

XP Investimentos dominates in Brazil

Latin America | Products

13 May 2020 by Lavanya Nair & Pablo Conde

Brazilian financial services platform XP Inc. has reported net revenues of BRL1.7 billion (US$300m) for the first quarter of 2020, an 86% soar from its Q1 19 figure of R$934 million.