Brazilian investment bank XP Inc. has reported a 80% jump in retail revenues to BRL1.7 billion (US$310m) for the third quarter of 2020.
Five hundred and fifty-eight products from four distributors had their strike date in Mexico in September.
Some 122 products worth an estimated BRL1.5 billion (US$272m) had strike dates in the period July-September 2020.
Brazil’s Banco Itaú Unibanco won SRP’s Best House, Brazil at this year’s SRP Americas Awards.
Mexican financial group Monex took home six awards during SRP’s virtual Americas conference 2020 including Best Distributor, Mexico and the Americas, Best Capital-Protected Distributor, and Best House, Foreign Exchange.
The Swiss bank announced a strategic alliance with Banco do Brasil and unveiled UBS BB Investment Bank as well as the leadership team that will spearhead the new venture.
US fintech platform Luma has partnered with financial services firm StoneX Financial to help streamline its expansion into the Latin American structured products market.
Five hundred and thirty-eight products with a total sales volume of MXN21.49 billion ($985m) had their start date in August in Mexico.
Industry experts speaking at the Latam leaders’ roundtable at the virtual SRP Americas 2020 Conference on 15 September, exchanged views about the development of their respective markets in the recent years, current and future trends and the challenges ahead, as well as the impact of the global health crisis on portfolio allocation.