Three of Latin America’s asset servicing providers reflect
on the past year, the state of the markets and look
ahead to a number of key elections in the region
Jack McRae reports
Spreading the Word
LatAm Focus
www.assetservicingtimes.com1
on the past year, the state of the markets and look
ahead to a number of key elections in the region
Jack McRae reports
Spreading the Word
LatAm Focus
www.assetservicingtimes.com1
images by anton_balazh/stock.adobe.com
LatAm markets are on the rise and asset service providers in
the region are optimistic that the market will only grow further.
However, with a series of elections set to grip the region, the
providers must be prepared for volatility and change.
Flipping the playing field
There is lots to be positive about for the upcoming year for LatAm,
at least according to Maria Calderon, the head of LatAm sales at
MarketAxess. Calderon smiles as if she can see the success of
the new year rolling in already, saying: “We’re very hopeful that
the playing field has flipped and this year we’ll see a cut, even if
it’s in the second half of the year. That’s already causing a lot of
optimism. Market participants are very active and very engaged.”
She adds an almost rallying cry: “I feel like emerging markets are
back, LatAm is back and we’re all here to participate.”
Her hopefulness is shared by Claudia Calderon, head of Hispanic
LatAm in securities services at BNP Paribas, who speaks to the
attractiveness of the markets. She says: “Historical returns are
above developed markets and strong liquidity levels, driven by
the presence of relevant local entities such as private pension
funds and top-tier foreign institutional investors, make LatAm an
attractive destination for both local and international investors.
Additionally, some of the most relevant economies in the world
are in the region.”
M. Elena Mesonero Lázaro, managing director of Spain and LatAm
at Caceis, also agrees. She explains: “LatAm remains an attractive
region for investors due to the high real yields, especially in
the markets with lower volatility due to political, economic and
regulatory stability. Even though inflation and interest rates are
expected to fall in most LatAm countries, over the medium-term
there should still be value in the fixed-income markets.”LatAm Focus
LatAm Focus
www.assetservicingtimes.com2
LatAm markets are on the rise and asset service providers in
the region are optimistic that the market will only grow further.
However, with a series of elections set to grip the region, the
providers must be prepared for volatility and change.
Flipping the playing field
There is lots to be positive about for the upcoming year for LatAm,
at least according to Maria Calderon, the head of LatAm sales at
MarketAxess. Calderon smiles as if she can see the success of
the new year rolling in already, saying: “We’re very hopeful that
the playing field has flipped and this year we’ll see a cut, even if
it’s in the second half of the year. That’s already causing a lot of
optimism. Market participants are very active and very engaged.”
She adds an almost rallying cry: “I feel like emerging markets are
back, LatAm is back and we’re all here to participate.”
Her hopefulness is shared by Claudia Calderon, head of Hispanic
LatAm in securities services at BNP Paribas, who speaks to the
attractiveness of the markets. She says: “Historical returns are
above developed markets and strong liquidity levels, driven by
the presence of relevant local entities such as private pension
funds and top-tier foreign institutional investors, make LatAm an
attractive destination for both local and international investors.
Additionally, some of the most relevant economies in the world
are in the region.”
M. Elena Mesonero Lázaro, managing director of Spain and LatAm
at Caceis, also agrees. She explains: “LatAm remains an attractive
region for investors due to the high real yields, especially in
the markets with lower volatility due to political, economic and
regulatory stability. Even though inflation and interest rates are
expected to fall in most LatAm countries, over the medium-term
there should still be value in the fixed-income markets.”LatAm Focus
LatAm Focus
www.assetservicingtimes.com2
