AllianceBernstein hopes to begin selling funds to pension managers in Latin America, according to Business News Americas.
During a speech in Santiago, Chile, executive managing director for the New York-based bank, Marc Mayer, announced the plan, but did not offer an anticipated schedule.
Mayer's team has met already with potential clients in Brazil, Argentine, Peru and Uruguay, he said. Afores, the Mexican pension funds, are a priority for the future, Mayer said.
"We hope to develop relationships over time," said Mayer of plans for working with Chilean pensions.
AllianceBernstein, formerly Alliance Bernstein Capital, has offices in 19 countries, including ones in Buenos Aires, Argentina and São Paulo, Brazil.
The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.