Banamex has named Christopher Robinson as director of corporate finances and administration for Mexico and LatAm, it says. He replaces Javier Cayon, who has left the bank to work on “personal projects.” Robinson joins from Ixe, where he was CFO since 2008. He had previously been at Citi for 22 years in various positions.
Category: Corporate & Sovereign Strategy
Posted inDaily Brief
HSBC Banker Joins Goldman
DCM specialist Marcelo Bernal has joined Goldman Sachs from HSBC, according to a source at Goldman. He is part of the LatAm DCM team, reporting to Richard McNeil. Bernal, a Brazilian, had been with HSBC’s DCM operation for about 7 years.
Posted inDaily Brief
Cementos Bio Bio Downgraded
Chilean cement maker, Cementos Bio Bio, has been downgraded by Fitch to A minus from A. It also changed the outlook from negative to stable. The change in ratings is due to low operating results in 2010, during which Fitch had expected a strengthening in the company’s credit profile. Fitch does not expect an improvement in 2011, due to competitiveness in the cement market in Chile, possible increase in cost of materials and instability in the markets in which its subsidiary Cementos Industriales, a ceramics company, participates in. The ratings agency adds that cash flow will be negatively impacted by investments the company is making.
Posted inDaily Brief
Ex-Lupatech CFO Joins Perenco
Thiago Alonso de Oliveira, who stepped down as CFO of Brazil’s Lupatech earlier this year, has joined Perenco Petroleo e Gas do Brasil, Oliveira tells LatinFinance. Perenco is the Brazilian unit of the Perenco Group, an E&P company with a presence in 16 countries. Oliveira had been at Lupatech, a maker of valves for the E&P industry, for 5 years.
Posted inDaily Brief
Moneda Asset Manager Appoints GM
Moneda Asset Management has appointed Antonio Gil Nieves as general manager. Gil was previously at JPMorgan, where he spent over 10 years in the company’s London office. He has also worked at The Boston Consulting Group. Moneda is a Chilean asset manager advising on over $5bn of investments, and has offices in New York and Santiago.
Posted inMagazine
Agnelli Ousted
Vale’s controlling shareholders named Murilo Ferreira to replace Roger Agnelli as CEO when Agnelli’s term expires in May. Valepar, the controlling shareholder of the Brazilian miner, had indicated it would […]
Posted inMagazine
Brazilians Still Lead the Way
Brazil continues to set the standard for corporate governance and sustainability. With more money going to sustainable funds, companies are increasing their reporting.
Posted inMagazine
Corporate Flow
DCM issuance began to pick up again in March and April after a weak start to the year, though the message remained the same: buyers were more selective than in […]
Posted inMagazine
Energy to the Rescue
Trinidad & Tobago could see its budget deficit shrink thanks to rising oil and gas prices. International investors are likely to welcome the twin-island nation with open arms.
Posted inMagazine
Evolving Growth Play
As Brazil’s middle-income segment continues to grow, a straightforward equities buy has become trickier stock-picking terrain. Inflation and government policy are the biggest risks.