With an eye toward the expected flood of new investment-grade issues in Mexico, Netherland’s-based ABN AMRO is launching a brokerage business in Mexico, the only big market in Latin America where it does not yet deal in securities.
ABN AMRO is in the process of acquiring a seat on the Mexican Stock Exchange and plans to get in on the action spurred by Moody’s recent upgrade of Mexico’s foreign currency rating to investment grade.