First Trust has joined forces with Colombia’s largest broker-dealer Alianza Valores to strengthen its presence in the country.
The $196bn ETF distributor announced the alliance on Friday saying that it will help First Trust expand its distribution network in Colombia, a market it first entered in 2020.
‘The talent and capabilities at Alianza enable us to continue offering our investment solutions to our existing and growing client base,’ said April Reppy Suydam, head of Latin America sales and distribution at First Trust. ‘Working with Alianza allows us to remain focused on cultivating relationships and serving our clients in Colombia and across the region in the years to come.’
Luis Fernando Fandiño, CEO of Alianza Valores, said: ‘We are thrilled to offer a more robust global offering to our existing clients, and proud to represent First Trust as an extension of their team in the local market.’
As well as ETFs, Illinois-based First Trust also specializes in unit investment trusts. closed-end funds, mutual funds and separate managed accounts.
