IM Trust Looks to Peru and Colombia

IM Trust, the dominant Chilean investment bank, is expanding into some neighboring countries, in particular Peru and Colombia. In Colombia, it is teaming up with boutique investment bank Q&A Consulting. “We see a very good opportunity in the corporate finance business to be developed in Peru and Colombia,” says IM Trust executive director Guillermo Tagle. He adds that the larger Latin markets like Brazil and Mexico are less attractive because they are well banked by the bigger global players. But he does not rule out further expansion into Brazil or Argentina, for example, at some stage. “We have to go step by step,” says Tagle. (For more on IM Trust, see the November issue of LatinFinance.)