BlackRock Plans Latin America Expansion After Three Acquisitions

BlackRock Inc., the world’s biggest asset manager, plans to continue expanding in Latin America after three acquisitions in the past year that the company says will help boost its fortunes in the region.

Targets for growth include Chile, Peru, Colombia and Central America, according to Aitor Jauregui, who heads the region for BlackRock.

The firm is “adding capabilities and resources to serve the Americas region out of Mexico, hiring particularly for tech and engineering in Monterrey and Mexico City,” Jauregui said in an interview, adding that BlackRock also hired an executive in Brazil earlier this year.

Aitor Jauregui

Source: BlackRock Inc.

BlackRock’s ...