The Investment Management division of Bank of New York (BNY) has signed a distribution agreement with Tempus Investments to offer its mutual funds across Latin America.
Tempus Investments, founded in Chile by Eduardo Ruiz Moreno, will expand its operations to Uruguay and Argentina to introduce the entire range of BNY mutual funds. “The group operates with a management model that includes various specialized investment firms, offering tailored investment solutions for each asset class and client, such as Insight, Newton, and Walter Scott,” sources at the firm told Funds Society.
To drive growth in this new phase, Tempus has hired Renzo Quesada, who will be based in Montevideo and serve clients in both Uruguay and Argentina. Quesada, who has been in the industry for over 13 years, previously worked at Asset Managers Agente de Valores since 2011.
BNY Investment Management oversees more than two trillion dollars in assets for institutions, corporations, and the wealth management sector, according to the firm’s information. Insight, one of its affiliates, manages over $800 billion, making it “the third-largest fixed-income manager in Europe,” the release added.
Newton, a UK-based manager, has extensive experience in income strategies, while Walter Scott focuses on fundamentally driven equity investments in high-quality companies, the firm’s information concluded.