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With today's deal, Bradesco's asset management arm, BRAM, will manage more than 60 billion reais ($16.6 billion) of portfolios.
"Exporting the price premium will be tougher," Holger Frey, fund manager at DWS, the asset management arm of Deutsche Bank, said of solar modules.
Bank of America's asset management arm in Brazil, which manages some 2.1 billion reais ($580 million), was not affected by the cuts but could be up for sale, analysts said.
It was the asset management arm that sold the shares.
Made chief economist, then chairman of asset management arm in 2010, retiring in 2013.
involves both the bank's asset management arm and its swaps desk, the bank can benefit twice.
Similar(9)
Barclays of Britain is in advanced talks to sell its asset-management arm to BlackRock, the giant money manager, for more than $10 billion, people briefed on the matter said Sunday.
Each would strengthen the other's asset-management arm.
A large part of the business is its asset-management arm, which is being led by Mr. Meguid.
The British bank's willingness to consider a sale of BGI, its asset-management arm, suggests worries over capital.
Mr Mack has already noted Citigroup's recent swap of its asset-management arm for Legg Mason's brokerage operation.
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