America, Asset Managers, Financial, Fund Managers, News, Private Bankers, Wealth Management

Banks Considering Local Wealth Management Business in Argentina

Banks Considering Local Wealth Management Business in Argentina

UBS, Julius Baer, Grupo BTG Pactual are among the banks considering a local wealth management business in Argentina. There are estimates that the government’s tax amnesty program could bring back as much as $16 billion back to the country.

“There are estimates that the government’s tax amnesty program could bring back as much as $16 billion back to the country. “

~ Bloomberg

The government’s tax-amnesty program, announced in May, attracted $4.6 billion in cash through last week. Under the tax amnesty program, Argentines who come clean on their untaxed savings by March 31 will pay a one-time fine of as much as 15 percent. They can also invest in three-year and six-year Treasury bonds or make long-term investments in businesses or closed-end mutual funds.

Related Reports: Bloomberg, Wealth-X

 

About Grupo BTG Pactual

BTG Pactual Group’s seven business units are:

  • Investment Banking. Financial advisory and capital markets services;
  • Corporate Lending. Financing, structured credit and loan guarantees to corporations;
  • Sales and Trading. Financial products and services to a diverse group of clients in local and international markets, including market-making, brokerage and clearing services, and derivatives, interest rate, foreign exchange, equities, energy and commodities transactions for hedging and trading purposes;
  • Asset Management. Management services with a broad range of products across major Brazilian and international asset classes to Brazilian and international clients;
  • Wealth Management. Investment advisory and financial planning services and investment products to high net worth individuals, or HNWI;
  • Banco Pan. Commercial and consumer banking business conducted through Banco Pan, an independent Brazilian bank that BTG Pactual Group co-controls since mid- 2011. It focuses on anting automobile loans, direct consumer loans and payroll deduction lograns, primarily to low- and middle-income individuals, in addition to middle market loans and mortgages to corporations in Brazil; and
  • Principal Investments. Capital investments with respect to a broad range of financial instruments, including merchant banking and real estate investments in Brazil and investing in a variety of financial instruments in global markets, which investments are primarily managed by BTG Pactual Group’s asset management unit.

Visit: BTG Pactual

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency

 

Previous ArticleNext Article