Credit Suisse Mexico (CS Mexico) and wealth manager Corporación Actinver (Actinver) have signed a strategic alliance to further invest in and develop their wealth management offerings in Mexico.
As part of the agreement, CS Mexico will transfer a select portfolio of clients with predominantly domestic needs, along with a team of relationship managers, to Actinver to provide continuity of service to these clients and a more comprehensive local offering.
CS Mexico will retain the relationship and advisory services of Mexican clients with “complex and global” needs. During the next year, CS Mexico will also transfer the local custody and execution business of its advisory clients to Actinver.
The agreement is subject to regulatory approvals. The financial terms of the deal were not disclosed.
Next growth chapter
Nicolas Troillet, chief executive of Credit Suisse Mexico and head of wealth management Mexico, said: “We are excited to announce this strategic alliance with Actinver, a leading Mexican wealth manager, for the next chapter of our growth journey.
“Jointly, we will offer our clients the best of both platforms. Clients with predominantly domestic needs will benefit from a broader suite of local solutions and services provided by Actinver, meanwhile allowing CS Mexico to further focus and invest in our core strength of advising clients with more complex, global needs.”
Héctor Madero, chief executive of Actinver, added: “We are very proud to announce this strategic alliance with Credit Suisse, a leading global wealth manager, which undoubtedly strengthens our financial group and continues to position us as one of the leading domestic private banks in Mexico.
“This strategic alliance effectively positions us to attract new clients and reinforces our commitment to offer quality investment alternatives to our clients.”