Announced
Financials
Sources
Tags
Mexico
Single Bidder
asset management
Asset Managers and Custodians
Acquisition
Cross Border
Majority
Private
Pending
Friendly
Synopsis
Santander, a bank, agreed to acquire the Mexico asset management operation from BNP Paribas, a multinational universal bank and financial services holding company. Financial terms were not disclosed. "Wealth management and insurance is one of the fastest-growing global businesses for the group, and Mexico is one of our main markets," Victor Matarranz, Santander Global Head of Wealth Management and Insurance.
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