State Street Brazil Custody Deal to Add US$470 Billion in Assets
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11 Articles
State Street Brazil Custody Deal to Add US$470 Billion in Assets
Brazil · Finance Key Facts —Scope. State Street signed an initial agreement to acquire the Santander CACEIS Latam Securities Services joint venture, which operates in Brazil, Mexico and Colombia. —Assets. The platform holds about US$470 billion in assets under custody and US$225 billion in assets under administration. —Services. The unit provides custody, foreign exchange, and […] The post State Street Brazil Custody Deal to Add US$470 Billion i…
The American group State Street announced the acquisition of the operation of Santander Caceis Securities Services in Latin America, which includes Brazil, Mexico and Colombia. Santander Caceis is an asset management and custody company that in Latin America was controlled by the Spanish bank Santander and Caceis, which is a subsidiary of the French bank Crédit Agricole. The value of the transaction was not disclosed. Exclusive material for subs…
The U.S. State Street has reached an agreement to buy Santander Caceis Latam Securities Services, the joint venture between Banco Santander and Crédit Agricole that operates in Brazil, Mexico and Colombia, as announced in a statement.
The transaction aims to position the company as one of the main providers of custody and foreign exchange services in various markets in the region
State Street to Grow Securities Services in Latin America
Transaction will establish a leading asset-servicing platform across Brazil, Mexico and Colombia, expanding custody, fund administration, and banking services for institutional investors State Street Corporation announced that it has signed an initial agreement to acquire the Santander CACEIS Latam Securities Services joint venture in Brazil, Mexico, and Colombia. The joint venture is owned by the Santander Group and CACEIS, with assets under cu…
State Street will strengthen its presence in Mexico after announcing an initial agreement to acquire Santander CACEIS Latam, an operation that will expand its offer of services for institutional investors and strengthen its position in the local financial market. The transaction contemplates the acquisition of the joint business of Santander and CACEIS in Brazil, Mexico and Colombia, a platform that manages approximately $470 billion in assets i…
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